CoinWorld News reports that on April 11 (UTC+8), Bloomberg senior commodity strategist Mike McGlone posted on the X platform saying that historical experience shows that when gold tops after a rapid rise, U.S. equities often fall as well. His analysis points out that the current price of gold has risen to about 1.9 times the 20-quarter moving average, which is higher than the peak level in 2008—about 1.7 times. If gold returns to its long-term average, the S&P 500 index may face roughly 25% downside correction; and in 2008, a similar situation led to an approximately 60% drop. With both gold and the stock market currently at high levels, driven by factors such as the global energy crisis, even at this stage a mean reversion could still put downward pressure on the U.S. stock market.