Henrik Zeberg says the market’s most dangerous phase may still be ahead — a final, violent melt-up that could send risk assets sharply higher before the entire cycle turns. In this interview, Zeberg lays out why he believes investors are being pulled into the last stage of the bull market, why the Nasdaq could still surge, and why the endgame may be brutal: recession, deflation, collapsing risk assets, and a rush into cash. This is not a soft landing call. Zeberg argues the “everything rally” may be the trap — and that when it breaks, there may be nowhere to hide. Watch before the melt-up turns into the crash. 💡If Henrik Zeberg is right, the next phase could be a final market melt-up before a brutal downturn — making now the time to pressure-test your portfolio. Get a free review with Wealthion’s trusted financial advisors athttps://bit.ly/4vm8JPC 💡Attend Rick Rules’ Natural Resource Symposium in Boca Raton this July, click here for in-person and virtual tickets: https://cvent.me/XOqdLa?via=Wealthion Chapters: 0:00 The Calm Before The Crash 0:39 Henrik Zeberg Joins Maggie Lake 1:12 Weak Economy, Largest IPO, Largest Bubble 2:13 Dot-Com Bubble Appetizer, 2008 Main Course 3:04 Why Today’s Tech Bubble Looks Extreme 4:05 AI, Layoffs & The Jobs Risk 5:43 Is There Still Runway Before The Top? 6:15 Zeberg: Nasdaq Could Rise Another 15% 7:31 Why This Looks Like The Final Melt-Up 9:11 Zeberg’s Nasdaq Target: 33,000–34,000 10:09 The Last 20% Makes People Crazy 11:45 How The Final Melt-Up Spreads 13:38 The Black Swan Risk In Private Credit 14:41 The $1.7 Trillion IPO Warning Sign 15:55 Why Rotation Won’t Save Investors 16:55 The U.S. Consumer Is In Serious Trouble 17:40 The Jobs Market Mirage 20:38 Why Bonds Haven’t Reacted Yet 21:08 Zeberg: The Fed Is Way Too Late 22:14 Why This Is Not 1970s Inflation 23:39 Bond Yields As A Late-Cycle Warning 25:17 Crypto’s Final Risk-On Surge 28:50 Gold & Silver Had Their Time In The Sun 30:13 Zeberg’s Bitcoin Target 31:09 Why This Could Be Worse Than 2008 35:32 Private Credit, Deflation & The Crash Setup 37:29 Zeberg: Market Top Could Come In Q3 39:39 Where Can Investors Hide? 40:40 Why Gold And Silver Could Fall First 41:14 Zeberg’s Safe Haven: Dollar & U.S. Bonds 42:38 The Next Inflationary Regime 43:42 Final Thoughts Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #HenrikZeberg #MarketCrash #MeltUp #StockMarket #Nasdaq #Macro #Recession #Deflation #Bitcoin #Crypto #Gold #Silver #Investing #Finance #PortfolioReview #FinancialPlanning #wealthmanagement ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.   While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.   We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.   The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.