• Bloomberg analyst Mike McGlone warns of a financial reset as central banks across the globe raise rates.
• The Federal Reserve’s global influence has not waned and its actions are likely to be replicated by other central banks.
• McGlone is bearish on the equity market due to similar bullishness seen in Bitcoin before it hit $31,000 a month ago.

Biggest Financial Reset of Our Lifetime

Senior Bloomberg commodities analyst Mike McGlone is warning of a major financial reset amid an environment of tightening monetary policy. He believes that this will be the biggest reset of a lifetime partly due to what’s happening with the narrative [of central banks raising rates].

Central Banks Scrambling To Follow Fed

The Federal Reserve’s global influence has not waned and its actions are likely to be replicated by other central banks just as before. McGlone advises investors to heed his advice: “Don’t fight the Fed… And then beware of the general consensus which is ‘Oh once the Fed stops tightening, everything’s okay’.”

Equity Market Rally Could Reverse

McGlone also says that he is very bearish on the equity market and sees similarities between it and Bitcoin when it was at $31,000 a month or two ago; pointing out that rallies can reverse just as quickly as they start.

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