In this conversation with Mike McGlone from Bloomberg, we discuss the Iran ceasefire, why he believes the oil spike was another pump and dump cycle, and why he expects crude to head much lower into the midterms. Mike explains why he sees this as part of a broader macro reset, one that could bring lower stock prices, lower bond yields, and a much more defensive market environment than most investors are prepared for.
What makes this discussion stand out is that Mike does not stop at oil. He lays out why he remains bearish on Bitcoin, why he thinks risk assets broadly are rolling over, and why even precious metals may have already printed major highs for this cycle. He also explains why he is overweight long Treasuries, why he thinks the Fed will eventually be forced to follow a weakening market, and why this may be the kind of setup where cash and caution matter more than chasing momentum.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
