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

Page: https://stenobird.com/podcast/the-real-story-with-michelle-makori-7658633/u-s-stock-market-entering-final-euphoric-phase-a-major-warning-sign-chris-vermeulen
Text version: https://stenobird.com/podcast/the-real-story-with-michelle-makori-7658633/u-s-stock-market-entering-final-euphoric-phase-a-major-warning-sign-chris-vermeulen.md
Podcast: [The Real Story with Michelle Makori](https://stenobird.com/podcast/the-real-story-with-michelle-makori-7658633)
Published: 2026-04-18T18:40:03+00:00
Episode link: https://podcasters.spotify.com/pod/show/the-good-podcast-co6/episodes/U-S--Stock-Market-Entering-Final-Euphoric-Phase--A-Major-Warning-Sign--Chris-Vermeulen-e3i3r2c
Audio file: https://anchor.fm/s/10ddc838c/podcast/play/118663692/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-3-18%2F422346155-44100-2-2cedeae5b3a7.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/the-real-story-with-michelle-makori-7658633/episodes/u-s-stock-market-entering-final-euphoric-phase-a-major-warning-sign-chris-vermeulen
Duration seconds: 3798

## Resource

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 Stay Informed Join Miles Franklin Media for expert interviews, market insights, and real-time coverage of gold, silver, Bitcoin, and global economics. Hit the bell to get notified the moment new content drops – don’t miss a move in the markets. ___________________ Miles Franklin: 📞 Call us: 1-952-929-7006 📧 Email us: info@milesfranklin.com 🔗 Website: https://milesfranklin.com/ ▶️ YouTube: https://www.youtube.com/@MilesFranklinMedia 📱 X: https://x.com/MilesFranklinCo 📸 Instagram: https://www.instagram.com/milesfranklinmedia/ 💼 LinkedIn: https://www.linkedin.com/company/miles-franklin-media/ 📘 Faceboo…

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/the-real-story-with-michelle-makori-7658633/episodes/u-s-stock-market-entering-final-euphoric-phase-a-major-warning-sign-chris-vermeulen/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/the-real-story-with-michelle-makori-7658633/u-s-stock-market-entering-final-euphoric-phase-a-major-warning-sign-chris-vermeulen.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.