Uploaded August 2026 | Updated September 2026, 2 weeks ago
Mike McGlone of Bloomberg Intelligence argues that markets are approaching a major turning point as elevated bond yields, stretched equity valuations, and persistent inflation place growing pressure on risk assets. He explains why the Federal Reserve is effectively trapped, why gold, commodities, and crypto may have already sent warning signals, and why a stock market decline could trigger a broader deflationary reset. McGlone also outlines his bullish case for long-term Treasuries, which he believes could become one of the strongest opportunities of the current market cycle.
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0:00 Are markets approaching a major turning point?
0:45 The Fed holds rates steady
1:21 Why the Fed is trapped
3:03 Rising volatility and weakening risk assets
5:16 Why 5% bond yields threaten every market
7:59 Copper, China, and global deflation
11:41 Gold’s rally may have run its course
14:23 What happens when stocks begin falling?
17:20 Why oil could fall below $70
20:25 The bullish case for Treasuries
22:29 A potential trade of a lifetime
25:10 Will the Fed rescue the stock market?
26:13 Why deflation may replace the inflation trade
28:56 Where to follow Mike McGlone
Copyright © 2026 Cambridge House International Inc. All rights reserved.
Mike McGlone of Bloomberg Intelligence argues that markets are approaching a major turning point as elevated bond yields, stretched equity valuations, and persistent inflation place growing pressure on risk assets. He explains why the Federal Reserve is effectively trapped, why gold, commodities, and crypto may have already sent warning signals, and why a stock market decline could trigger a broader deflationary reset. McGlone also outlines his bullish case for long-term Treasuries, which he believes could become one of the strongest opportunities of the current market cycle.
Follow Mike on X: https://x.com/mikemcglone11
Follow Darrell on X: https://x.com/MoneyLevelsShow
Follow the VRIC on X: https://x.com/vricmedia
Follow the VRIC on Instagram: instagram.com/vric_media
Learn to invest alongside the top minds in commodities. Join The Commodity University today: join.thecommodityuniversity.com/?affiliate=darrellthomas
Sign up for Jay’s newsletter at 2ly.link/211gx
0:00 Are markets approaching a major turning point?
0:45 The Fed holds rates steady
1:21 Why the Fed is trapped
3:03 Rising volatility and weakening risk assets
5:16 Why 5% bond yields threaten every market
7:59 Copper, China, and global deflation
11:41 Gold’s rally may have run its course
14:23 What happens when stocks begin falling?
17:20 Why oil could fall below $70
20:25 The bullish case for Treasuries
22:29 A potential trade of a lifetime
25:10 Will the Fed rescue the stock market?
26:13 Why deflation may replace the inflation trade
28:56 Where to follow Mike McGlone
Copyright © 2026 Cambridge House International Inc. All rights reserved.
