Why This Looks Worse Than the 1999 Bubble

Bloomberg Intelligence's Mike McGlone joins Ilya Spivak with a blunt take: the whole stock market is complete noise right now, earnings and technicals included, until it reaches an apex and rolls over, a 1999-style frenzy that only stops itself. His evidence: US stocks are the highest versus GDP since 1928, yet equity vol is the lowest in decades versus gold, silver and crude. And the tell: 5% treasuries are too high to pass up, so the smart money is quietly hiding in bonds. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 A special guest from Bloomberg 00:40 October, the make-or-break month 01:30 The inflection point in treasuries 02:40 Crude rallying with bonds reversing 03:40 The whole market is just noise 04:30 A 1999-style frenzy feeding on itself 05:30 The most stretched in a century 06:20 The volatility gap that has to close 07:10 Smart money hiding in 5% treasuries 08:00 Don't fight the Fed #tastylive #tradingtrends #mikemcglone #bloomberg #bubble #treasuries #volatility #gold #optionstrading #stockmarket tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.