Mike McGlone, senior commodity strategist at Bloomberg Intelligence, gives a market-focused outlook on oil, gold, Bitcoin and recession risk. He discusses the shock from the Strait of Hormuz closure and volatile immediate market reactions. He covers why stocks were rolling over, oil-driven recession dynamics, Fed risks, and where gold, silver and Bitcoin might head next.
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insights INSIGHT
Hormuz Closure Is A Major Market Shock
Mike McGlone says the Strait of Hormuz closure is a major shock that has energy-crisis and global-recession implications.
He expected a quick resolution but now sees broad market hits across commodities, stocks, and crypto as volatility rises.
volunteer_activism ADVICE
Use Commodities As Early Warning Signals
Do respect intermarket linkages: commodities, crypto, and equities are trading as the same crowded trade.
McGlone notes copper, silver and Bitcoin rolled over before equities, signaling broader downside risk.
insights INSIGHT
High Oil Spurs Its Own Downfall
McGlone predicts December WTI could be near $50 by election time despite current spikes, arguing high oil triggers demand destruction and brings alternatives.
He ties extreme price spikes to eventual supply response from Western Hemisphere producers.
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Click the link http://kalshi.com/r/LIN or download the Kalshi App and use code LIN to sign up and trade today!Subscribe now to David Lin Report Briefs: https://www.youtube.com/@DavidLinReportBriefsMike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, discusses how the Strait of Hormuz closure is sending shockwaves through global markets, sharing his outlook on crude oil, gold, silver, Bitcoin, and the growing risk of a U.S. recession.Watch Mike’s last interview with David: https://youtu.be/OTxNtXXHlEY*This video was recorded on March 20, 2026.To get 5% off of your CoolWallet purchase, use my link: https://www.coolwallet.io/discount/davidcwSubscribe to my Briefs channel: https://www.youtube.com/@DavidLinReportBriefsSubscribe 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: X (@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 david@thedavidlinreport.comDISCLAIMER: This video is for informational and educational purposes only and does not constitute financial, investment, legal, or tax advice. Always conduct your own research and consult a licensed financial professional before making any investment decisions.The views and opinions expressed by guests are solely their own and do not represent the views of this channel. Any forecasts or forward-looking statements are based on personal opinions and are not guarantees of future performance.This channel may include sponsors or affiliates. Their inclusion does not constitute an endorsement, and the channel is not responsible for the performance, claims, or actions of any sponsor, affiliate, or third party.No content in this video should be interpreted as a solicitation to buy or sell any securities or assets. Investments carry risk, including the potential loss of principal.0:00 - Intro.1:32 - Hormuz and implications5:28 - S&P 500 and the market’s ‘rolling over’7:13 - Oil and recession14:13 - Powell, oil, fed policy21:12 - Oil spreads and higher prices28:54 - Gold and silver34:00 - Bitcoin#investing #economy #oil
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