Michelle Makori, President & Editor-in-Chief of Miles Franklin Media, sits down with Chris Vermeulen, CEO of TheTechnicalTraders.com, to break down what he calls the final “euphoric phase” in the U.S. stock market and why it could be a major warning sign.

With stocks hitting record highs, Vermeulen warns this may be the last melt-up before a sharp market reset. He explains why smart money could be selling into this rally, what signals he’s watching for a reversal, and how investors should prepare.

He also shares his outlook on gold and silver, including a potential move to $8,000 gold and why precious metals could be “locked and loaded” for a major move… in either direction.

In this episode of The Real Story with Michelle Makori:

- Why the U.S. stock market may be entering its final euphoric phase

- The risk of a 2008-style market reset and what triggers it

- Private credit contagion and risks to the banking system

- Why Vermeulen believes stocks could still move higher short term

- Gold’s path to $8,000 and the risk of a major pullback first

- Silver’s upside to $165 and downside risks

- How to position your portfolio in a high-risk environment

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Disclaimer: The views and opinions expressed in this video are those of the individual speakers and do not necessarily reflect the views of Miles Franklin Precious Metals, its affiliates, owners, anchors, producers or hosts. This content is provided for informational and educational purposes only and is not intended as financial, legal, or investment advice. Nothing said in this video should be construed as a recommendation to buy or sell any financial asset. You should always consult with a qualified financial advisor, legal professional, or tax expert before making any investment decisions. Investing involves risk, including the potential loss of principal.

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U.S. Stock Market Entering Final ‘Euphoric Phase’? A Major Warning Sign | Chris Vermeulen

The Real Story with Michelle Makori

U.S. Stock Market Entering Final ‘Euphoric Phase’? A Major Warning Sign | Chris Vermeulen