Yulia Slavina

Mike McGlone: U.S. stock-market cap hits highest level since 1928-29

Mike McGlone: U.S. stock-market cap hits highest level since 1928-29
U.S. stock cap nears 1928-29 highs

Mike McGlone highlights a notable divergence in financial markets, observing that U.S. stock-market capitalization relative to GDP has reached its highest level since 1928-29.

He adds that Treasury prices are at their lowest relative to gold in four decades, suggesting that crude oil could act as a catalyst for market reversion similar to what was seen in 2008.

McGlone recently projected that crude oil could reach $120 and gold $5,500 by 2026, raising questions about whether this cycle will differ from previous market peaks in commodities and bitcoin. He has also warned that crude oil in 2026 may face a downturn similar to 2008 and 1929, citing a growing pump-then-dump trend. These forecasts follow ongoing discussions about potential catalysts for market reversion.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.