ITPM Flash provides insight into what professional traders are thinking about in the markets RIGHT NOW!
Mega-cap tech has dominated markets in recent times. But what if that era is starting to shift?
In this episode of ITPM Flash, Raj Malhotra lays out the case for a meaningful capital rotation away from large-cap software — specifically into industrial metals. Hedge funds and mutual funds have not fully repositioned yet, but even a small reallocation out of trillion-dollar mega caps into much smaller commodity-focused stocks could create outsized moves.
Copper sits at the centre of this shift. Electric vehicles use multiples more copper than traditional cars. Power grid upgrades require it. Wind, solar and charging infrastructure depend on it. And AI data centres — now absorbing hundreds of billions in capital expenditure — are deeply copper intensive.
On the supply side, the picture is tight. New mines take nearly two decades to develop. Ore grades are declining. Major producers face disruption. All the while, even Wall Street may be underestimating how price-insensitive hyperscalers are as supply tightens further.
Raj explains why this may be the early stages of a structural leadership change in markets — and outlines an options structure designed to capture potential upside in Freeport-McMoRan if copper prices accelerate.
The rotation may just be beginning.
