Analyst Warns US Stock Bubble Exceeds 1929 Levels, Predicting S&P 500 Crash

Goldmoney head Alasdair Macleod warns US equity valuations surpass 1929 peaks, citing debt pressures. He predicts a potential 90% S&P 500 retracement and highlights gold and silver as safe havens.

Woofun AI reports that Alasdair Macleod, Head of Research at Goldmoney, asserts current U.S. stock market valuations may exceed the bubble preceding the 1929 Great Depression. He warns of an "ultimate crash" driven by bond market imbalances, reduced foreign demand, and rising debt yields, which could trigger an S&P 500 retracement exceeding 90% if confidence reverses.

Macleod highlights upcoming refinancing pressures of $10 trillion to $11 trillion over the next 12 months. He suggests the Federal Reserve may expand its balance sheet to stabilize markets, potentially eroding fiat purchasing power. Consequently, he identifies gold and silver as tangible assets independent of government credit, positioning them as potential safe havens against counterparty risks in stocks and bank deposits.