Dennis Tubbergen hosts RLA Radio with guest Murray Gunn, head of global research at Elliott Wave International. They discuss the current state of the U.S. stock market, highlighting extreme complacency and potential risks. Gunn predicts a significant market downturn, with U.S. stock indices potentially declining by 30-50% over the next few years. He also notes the correlation between Bitcoin and the S&P 500, suggesting that a peak in Bitcoin could signal a broader market peak. The conversation covers global market trends, with Gunn pointing out opportunities in China and the impact of rising bond yields on U.S. treasuries. They also explore the Science of Socionomics, which links social mood to market trends, and discuss the implications for commodities and real estate. Gunn anticipates higher commodity prices and inflation while also warning of potential declines in real estate values due to rising interest rates.

Murray Gunn is Head of Global Research at Elliott Wave International. He worked as a fund manager in global bonds, currencies and stocks, including long posts at Standard Life Investments and the Abu Dhabi Investment Authority. He then joined HSBC Bank as Head of Technical Analysis. Murray is the author of Trading Regime Analysis (Wiley, 2009) and a contributor to Socionomic Studies of Society and Culture (Socionomics Institute Press, 2017). In April 2018, Murray took over the helm of The European Short-Term Update. You can also read his commentary in Global Market Perspective, Interest Rates Pro Services and Currency Pro Services, and on deflation.com.

To learn more about Murray Gunn’s work as Head of Global Research at Elliott Wave International, please visit elliottwave.com. You can also get free access to the classic book "Elliott Wave Principle - Key to Market Behavior" at https://www.elliottwave.com/wave/retirementlifestyleadvocates