Stock market and macro analysis: Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, says the commodity complex is screaming reversion, not inflation. Oil is the same price as 20 years ago. The US-Canada surplus is approaching 8 million barrels a day. China imports dropped from 11 million to 5 million. He expects crude to hit $40 by year end, a move it has made three times since 2008. Meanwhile gold's 60-day correlation to the S&P 500 just hit the highest in the history of markets, and Bitcoin is a complete sock puppet that has already flunked the test. His call for the trade of a lifetime: US treasuries, if the stock market drops just 10%. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/newsletters 📘 FREE Options Strategy Guide: tinyurl.com/bp9ms763 📱 Follow tastylive on X: x.com/tastyliveshow Chapters 00:00 Picking up the cross-asset reversion thread 00:44 Oil at $71 is the same pr...