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

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

April 18, 2026 · 1h 3m

About this episode

Chris Vermeulen discusses the potential final euphoric phase of the U.S. stock market and its implications for investors.

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 👍 Like, 🔔 Subscribe, and…

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