Mike McGlone|Nov 03, 2025 11:34
Stocks Might Matter Most for Crude, Copper, T-Bonds - When stock market cap exceeds 2x GDP, it can become the economy, making equity performance a dominant factor in nearly everything. Can a post-inflation, deflationary cycle be avoided this time? WTI crude oil's 15% decline in 2025 to about 60 a barrel on Oct. 31 roughly matches the S&P 500's gain, reinforcing my outlook for a low-price cure near 40.
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t55dihgpwcn1 {BI COMD}
#stockmarket #crudeoil #copper @BBGIntelligence(Mike McGlone)
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