Bloomberg strategist: Gold's parabolic peak may signal correction risk in US stocks

```htmlJinse Finance reported that Bloomberg Intelligence Senior Commodity Strategist Mike McGlone posted on X, stating that historically, when gold peaks after a rapid rise, the US stock market often declines subsequently. Currently, the price of gold has risen to approximately 1.9 times its 20-quarter moving average, above the 1.7 peak level seen in 2008. If gold returns to its long-term average, the S&P 500 Index may face a potential correction of around 25%. A similar situation in 2008 triggered a drop of about 60%. Driven by factors such as the global energy crisis, both gold and the stock market are at high levels; at this stage, even a mean reversion could put downward pressure on the market.```