Bitcoin May Guide a High-Price Cure Nobody Wants The highest quarterly S&P 500-to-GDP ratio since 1936 and lowest price for a basket of US Treasuries vs. gold since 1983 may signal a setup for reversion. My graphic highlights the crocodile-jaws pattern: an elevated SPX/GDP ratio alongside a buried Bloomberg US Treasury Total Return index vs. gold. A leading indicator that might guide reversion is Bitcoin. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/tdzteekgifw9 {BI COMD} #Bitcoin #stockmarket #gold @BBGIntelligence(Mike McGlone)