2026-01-19 Stagflation, Social Mood, and the Coming Market Reset with Elliott Wave’s Murray Gunn

Is the U.S. economy headed for stagflation—and are global markets nearing a major turning point? In this episode of RLA Radio, host Dennis Tubbergen speaks with Murray Gunn, Head of Global Research at Elliott Wave International, about inflation, stock market risk, bond yields, gold, and the future of the U.S. dollar. They break down the Elliott Wave Principle and socionomics to explain how social mood drives financial markets, politics, and geopolitical conflict. Topics include rising food prices, the surge in the money supply, warning signs in U.S. stocks and real estate, sovereign debt risks, and why Europe and Asia may outperform in the years ahead. Gunn also discusses the “Davos Omen” and why a 30–50% market correction may be approaching. A must-listen episode for investors focused on economic forecasts, market cycles, and wealth preservation in uncertain times. Murray Gunn is Head of Global Research at Elliott Wave International. He worked as a fund manager in global bonds, currencies and stocks, including long posts at Standard Life Investments and the Abu Dhabi Investment Authority. He then joined HSBC Bank as Head of Technical Analysis. Murray is the author of Trading Regime Analysis (Wiley, 2009) and a contributor to Socionomic Studies of Society and Culture (Socionomics Institute Press, 2017). In April 2018, Murray took over the helm of The European Short-Term Update. You can also read his commentary in Global Market Perspective, Interest Rates Pro Services and Currency Pro Services, and on deflation.com. To learn more about Murray Gunn’s work as Head of Global Research at Elliott Wave International, please visit elliottwave.com. You can also get free access to the classic book "Elliott Wave Principle - Key to Market Behavior" at https://www.elliottwave.com/wave/retirementlifestyleadvocates To learn more about Retirement Lifestyle Advocates, please visit our website at www.RetirementLifestyleAdvocates.com.