Mike McGlone: Bloomberg Energy Spot Subindex may have peaked in 2026 with deflation risk

Mike McGlone: Bloomberg Energy Spot Subindex may have peaked in 2026 with deflation risk
Energy index peak signals deflation

Mike McGlone, industry influencer, comments that the Bloomberg Energy Spot Subindex may have reached a peak in 2026 near the 500 mark, echoing a similar apex from 2005.

He notes that this development could carry deflationary implications. McGlone highlights a same-chart pattern between the energy index and the 30-year U.S. Treasury.

McGlone previously noted that surging volatility in gold and crude oil could become relevant for the stock market in 2026. He has also highlighted that copper and the S&P 500 have each risen 5% year to date through April 29. These observations point to heightened attention on commodity and equity market trends.

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