Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, discusses warning signs of an overvalued U.S. stock market, the deflationary outlook for oil and Bitcoin, and gold's potential rise to $3,500 as an indicator of economic trouble ahead.Watch Mike’s last interview with David: https://www.youtube.com/watch?v=5WeIIofZ8nM*This video was recorded on June 30, 2025.Subscribe to my free newsletter: https://davidlinreport.substack.com/Listen on Spotify: https://open.spotify.com/show/510WZMFaqeh90Xk4jcE34sListen on Apple Podcasts: https://podcasters.spotify.com/pod/show/the-david-lin-reportFOLLOW MIKE MCGLONE: Twitter (@mikemcglone11): https://x.com/mikemcglone11LinkedIn (@mike-mcglone-a8442513): https://www.linkedin.com/in/mike-mcglone-a8442513FOLLOW DAVID LIN:X (@davidlin_TV): https://x.com/davidlin_TVTikTok (@davidlin_TV): https://www.tiktok.com/@davidlin_tvInstagram (@davidlin_TV): https://www.instagram.com/davidlin_tv/For business inquiries, reach me at [email protected]*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.0:00 - Intro.0:44 - Revised GDP numbers4:01 - Inflation7:22 - Oil to $40?8:14 - Gold10:19 - Multi-decade macro outlook13:22 - Commodities vs. Stocks14:58 - Investment thesis17:05 - Deflation18:55 - Oil20:41 - Bitcoin#investing #economy #commodities