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Michael Gayed warns of a global margin call, highlighting yen, gold, oil, and XRP as key assets to watch.

Market News
08 Jul 2026
UToday
View Source
Bearish
pluang ai news

Michael Gayed, a portfolio manager, warns of an impending global margin call triggered by a currency crisis centered on the Japanese yen and rising oil prices. He explains that Japan's rate hikes to defend the yen are forcing investors to close leveraged positions, causing stock declines. Gayed predicts regulators will prioritize saving U.S. Treasury bonds over stocks, making defensive assets like gold, long-term Treasuries, and XRP important safe havens. XRP is noted as a potential alternative for international capital fleeing risk amid this turmoil. Investors are advised to focus on these assets rather than Wall Street indexes to weather the crisis.

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