Alasdair Macleod: The risk of US stock foam is huge, and the S&P 500 faces an extreme callback

Alasdair Macleod, research director of Goldmoney, said that the current valuation bubble of the US stock market may be more than that of 1929, and the S&P 500 index faces more than 90% of the risk of value pullback. The United States will face financing and refinancing pressures of approximately $10 trillion to $11 trillion in the next 12 months, and the Federal Reserve may be forced to expand its balance sheet and print money. Alasdair Macleod believes that gold and silver, as physical assets that do not rely on government credit, are safe haven options in extreme financial risk environments.