Mike McGlone: Global Market Correction Risks

In this episode Michael Fox is joined by Mike McGlone, Senior Commodities Strategist at Bloomberg Intelligence, to discuss the current state of global markets and the potential for a significant market correction. He compared current market conditions to historical periods like 1929, 1989, and2008, noting similarities in stock market valuations and economic indicators.McGlone emphasized the risk of deflationary forces, particularly from China, and the impact of tariffs on global trade. He suggested that a decline in the U.S. stock market could be a catalyst for changes in government policy andmarket dynamics. McGlone also discussed the role of gold as a potential safe-haven asset in the current market environment.