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Wealthion - Be Financially Resilient

Chris Vermeulen Warns: One Last S&P Rally, Then a 50 % Crash Like 2008

May 6, 2025
Chris Vermeulen, a technical analyst from The Technical Traders, provides a stark warning about the S&P 500. He predicts a final rally to around 5,950 before a potential 30-50% crash, mirroring the 2008 crisis. Vermeulen discusses how major companies like Apple and Nvidia are showing sell signals and the risks posed to retail investors. He also highlights the bullish potential for gold, forecasting it could soar to $3,750, while oil's decline serves as a recession indicator. Bitcoin's future remains uncertain as market dynamics shift.
51:31

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Chris Vermeulen predicts a potential rise in the S&P 500 to 5,950 before a significant crash of 30-50% reminiscent of 2008.
  • Despite bearish market signals, there is a bullish outlook for gold increasing towards $3,750 after the anticipated market correction.

Deep dives

Economic Indicators Show Weakness

Recent economic indicators reveal significant weaknesses across various sectors. Major companies like Apple, McDonald's, and Starbucks reported lower year-over-year sales, hinting at a consumer spending decline. Apple's announcement of a billion-dollar charge due to tariffs reflects the greater economic anxiety affecting businesses. Additionally, UPS is laying off 20,000 workers, signaling shrinking demand for goods, which paints a concerning picture for the overall economy.

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