Crocodile Jaws Will Eventually Bite - US Stocks. If US #stockmarket capitalization is retreating from over 2x GDP -- the greatest in about a century -- it could be all that matters. Is there an ample catalyst, and what might provide leadership? Unprecedented US austerity and tariffs -- almost the opposite of what drove equities to records -- may be sufficient. #Cryptocurrencies could provide directional guidance. Full report on Bloomberg here: https://blinks.bloomberg.com/news/stories/st09e5t1um0w {BI COMD} #commodities #gold #bitcoin #macroeconomic @BBGIntelligence