Milk Road Macro Why This Could Be the Biggest Bull Run Since the 1950s w/ Mel Mattison
Oct 7, 2025
Mel Mattison, a veteran macro analyst and fintech executive with over 25 years of experience, discusses the potential for a historic bull market reminiscent of the 1950s. He delves into the driving forces behind the current everything-everywhere rally, making intriguing comparisons to past economic eras. Mel explains the Fed's hidden third mandate and its implications for investors, discusses the transformative impact of AI, and highlights the increasing role of gold and Bitcoin in today's markets. He also warns of societal strains amid this financial surge.
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Everything-Anywhere Bull Market
- Mel Mattison sees today's rally as “everything everywhere, all at once,” spanning stocks, bonds, gold, Bitcoin, and real estate.
- He compares this era to the 1950s and argues similar multi-asset bull runs can occur again.
Look Beyond Recent Market Memory
- Historical decades outside living memory matter; the 1950s produced higher average S&P returns than the 1990s.
- Mel warns investors misread modern markets by only referencing 60s–80s patterns instead of longer cycles.
Debasement Trade Explained
- The debasement trade describes coordinated asset appreciation as fiat systems and bond markets respond to policy.
- Mel is concerned mainstream banks only recently recognizing a trend he flagged years ago.
