Bloomberg strategist: Gold shows signs of topping out again, potentially triggering a "mean-reverting" decline in US stocks.

PANews reported on April 11 that Mike McGlone, senior commodities strategist at Bloomberg, stated in an article on the X platform that historical experience shows that when gold prices peak after a rapid rise, US stocks often follow suit. His analysis points out that current gold prices have risen to approximately 1.9 times their 20-quarter moving average, higher than the peak of approximately 1.7 times in 2008. If gold reverts to its long-term average, the S&P 500 index could face a correction of approximately 25%; a similar situation in 2008 triggered a drop of approximately 60%. Driven by factors such as the global energy crisis, both gold and stocks are at high levels. Even a mean reversion at this stage could exert downward pressure on the US stock market.

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Author: PA一线

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