Veteran trader Peter Brandt — best known for accurately predicting past moves in the S&P 500 — is once again sounding the alarm on the global financial system. And this time, he's not holding back.
In a blunt April post on X, Brandt declared, "I would be perfectly OK if global financial system has a melt down (Ala 1930s). There is too much debt, political, social, moral, intellectual, WOKE, DEI rot in the world. We need to have a complete reset. If a Depression provides a reset I am A-OK with it."
Brandt's call for a full-scale financial cleansing comes at a time when markets are feeling the weight of geopolitical tensions, climbing interest rates, and uncertainty around inflation. And despite Bitcoin trading near $87,000 at press time, Brandt isn't bullish across the board.
In fact, he's warning that risk assets like Bitcoin, Ethereum, and even the S&P 500 are headed much lower before the year is over.
In a recent post on X, he predicted the S&P 500 will close the year slightly below 4,500, warning that the index looks bearish after breaking support around 5,800.
Turning to Ethereum, Brandt didn't mince words, "ETH will plummet to around $600 by the end of the year," he stated.
While not giving a direct price target for Bitcoin, Brandt recently mocked its sideways price movement, tweeting, "Little boxes on the hillside, little boxes made of ticky-tacky" — a clear jab at BTC's lack of recent breakout momentum.
His one bullish call? Gold. Brandt believes the precious metal could rally to $3,600, thanks to a breakout from an ascending channel pattern.
"Gold Finger, the market with the magic touch," he posted, referencing its perceived role as a safe haven during economic chaos.
Brandt's views often carry weight among traders. With over 40 years of experience he has built a reputation for making high-conviction calls — especially in crypto and commodities. He famously called the 2020 S&P 500 breakout and has remained a closely followed voice in the space.
