Founder and managing director of CrossBorder Capital, the London liquidity research firm he started in 1996, and of GL Indexes, its liquidity data business. He is the author of Capital Wars and tracks global liquidity across some 80 economies, translating it into calls on stocks, bonds, gold, and bitcoin.
Current predictions
Bitcoin: Michael is bullish on Bitcoin over the medium term and long term. (updated 2026-08-21)
Intermediate Treasuries: Michael is bearish on Intermediate Treasuries. (updated 2026-08-21)
Gold: Michael is bullish on gold over the medium term and long term. (updated 2026-08-21)
Oil: Michael is bullish on oil. (updated 2026-08-13)
S&P 500: Michael is neutral on the S&P 500 in the short term (through 2026). (updated 2026-08-11)
Prediction history
2026-08-21 — Michael is bearish on Intermediate Treasuries. (source: What Bessent Is REALLY Doing With Treasury Buybacks | Michael Howell)
2026-08-21 — Michael is bullish on gold over the long term. (source: What Bessent Is REALLY Doing With Treasury Buybacks | Michael Howell)
2026-08-21 — Michael is bullish on Bitcoin over the long term. (source: What Bessent Is REALLY Doing With Treasury Buybacks | Michael Howell)
2026-08-13 — Michael is bullish on oil. (source: MacroVoices #545 Michael Howell: Warsh vs. The Markets)
2026-08-13 — Michael is bearish on Intermediate Treasuries. (source: MacroVoices #545 Michael Howell: Warsh vs. The Markets)
2026-08-11 — Michael is neutral on the S&P 500 in the short term (through 2026). (source: Michael Howell: Liquidity Has Turned, Low Quality Returns Ahead for Stocks, and Real Driver of Gold)
2026-08-11 — Michael is bearish on Intermediate Treasuries. (source: Michael Howell: Liquidity Has Turned, Low Quality Returns Ahead for Stocks, and Real Driver of Gold)
2026-08-11 — Michael is bullish on gold over the medium term. (source: Michael Howell: Liquidity Has Turned, Low Quality Returns Ahead for Stocks, and Real Driver of Gold)
2026-07-30 — Michael is bearish on the S&P 500. (source: He Called The Last Meltdown. Now He's Even More Scared | Michael Howell)
2026-07-22 — Michael is bullish on Bitcoin over the medium term and long term. (source: Global Liquidity Has Peaked: What Happens to Bitcoin? | Michael Howell)
2026-07-22 — Michael is bullish on gold over the medium term and long term. (source: Global Liquidity Has Peaked: What Happens to Bitcoin? | Michael Howell)