Plunging cryptos and crude oil in 2025 -- alongside parabolic gold, despite a record-setting US stock market -- indicate an inordinate burden on stocks to stay resilient to avoid post-inflation deflation, which remains my base case for 2026. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/t6xstjkgctgt {BI COMD} #gold #stockmarket #bitcoin #crudeoil @BBGIntelligence(Mike McGlone)