Name: The Bull Market Doesn't Peak Until 2028. Here's the Roadmap w/ Mark Newton
Uploaded: 2026-06-07T13:00:06+00:00
Duration: 760 s

Speakers

Mark Newton — Managing Director and Head of Technical Strategy at Fundstrat Global Advisors

Summary

Mark Newton shares his view that gold and Bitcoin still have upside, with gold targeting new highs by fall 2025 and Bitcoin buyable on dips. He believes the US equity bull market will extend into 2028, while warning that rising long-term bond yields pose a key risk for a Q3 pullback. Sentiment remains guarded, supporting the continuation of the trend.

Gold expected to rally to new all-time highs by September-October 2025 then decline.
Bitcoin lows are likely in; buy on pullbacks toward the low $70k area.
US equities bull market projected to last until 2028, with a sharper move up in 2027.
Long-term bond yields are expected to rise sharply, potentially triggering a stock market pullback in Q3.
Sentiment remains well below euphoria, supporting further equity upside.
Real estate is seen as treacherous through 2029 due to rising rates.
Ethereum and Solana are underperforming and may see further lows.

Trade Ideas

Mark Newton Managing Director and Head of Technical Strategy at Fundstrat Global Advisors 0:21

Gold to new highs by fall 2025.

Gold has put in an important top near-term but not the secular top. After a short-lived decline over the next 1-2 weeks, I expect metals to turn higher and hit new all-time highs into September-October 2025, driven by oversold conditions and late-cycle momentum. After that, a meaningful multi-year decline is likely, driven by rising real rates. The monthly RSI is at 95, suggesting one final rally before a big decline.

Mark Newton Managing Director and Head of Technical Strategy at Fundstrat Global Advisors 0:51

Long-term bond yields set to rise.

Long-term bond yields are likely to rise aggressively in the coming months, driven by a combination of a short-term inflationary blip, wartime spending, and potential Fed policy changes under the new chair. The steepening of the curve will raise risk premia and could act as a catalyst for a stock market pullback in Q3 (July-October). He sees the long end of the curve as a major risk for risk assets.

Mark Newton Managing Director and Head of Technical Strategy at Fundstrat Global Advisors 4:43

Buy Bitcoin on pullback to ~70k.

Bitcoin has taken the lead and is unlikely to make a new low in 2026. A pullback to the low $70k area in late May-early June would offer a favorable risk/reward entry. The crypto winter appears to have been very short (4.5 months), and broader cycles remain bullish. He recommends having some cryptocurrency exposure and buying Bitcoin on that dip.

Mark Newton Managing Director and Head of Technical Strategy at Fundstrat Global Advisors 7:11

Bull market continues to 2028.

The current bull market in US equities is not at its peak. Expect a sideways grind through most of 2026, then a sharper move up in 2027, with a temporary top likely in 2028. Earnings are strong, breadth is improving, sentiment is guarded, and there is no evidence to turn bearish. Real estate weakness and rising long yields may cause headwinds, but equities should rally into the 2028 peak.

The Bull Market Doesn't Peak Until 2028. Here's the Roadmap w/ Mark Newton

Summary

Trade Ideas

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