The end of the US stock market crash may have already begun, according to Bloomberg the eldest property expert Mike McGlone.
McGlone said the “pump and then dump” mentality seen in several commodity groups is spreading across the industry, posing a risk to market manipulation, he said in the filing. interview by David Lin published on June 12.
According to McGlone, 2026 is defined by sharp rallies followed by rapid declines in things like Bitcoin (BTC), silvergas, and agricultural products.
He also warned that the same changes could reach the US stock market, which could signal the next phase of the cycle.
The warning comes as strong corporate earnings and a prolonged bull market continue to attract corporate investment.
To that end, McGlone said property it has become the primary source of speculative investment, taking money away from commodities, precious metals, and crypto currency.
Trickle-down effect
In his view, too much money is flowing into stocks at the expense of other assets such as gold and commodities.
“Pump-and-dump is the headline so far this year. The importance of my opinion I think is just beginning.<….> For me, the end is this model of pump-and-dump, which started with Bitcoin and natural gas and silver and corn will fall down to everything, including crude oil and the stock market,” he said.
Although he did not give a specific downside to the target The value of the S&P500warned that the pump and dump pattern seen earlier could spread, making the US market the last part of the cycle.
The expert said that the stock market could lead to a sharp decline in all financial markets. Although speculation has already dried up in some stocks after the big gains earlier this year, it is believed that the risks have not been resolved.
McGlone said the recent pullback in precious metals reflects market trends, where strong rallies are followed by profit-taking.
He pointed to silver’s big advance and subsequent rebound as an example of speculative easing.
Despite the correction, expect gold to find support near $4,000 and remain stable in the long term if past trends continue.
