The Dow just finished its worst month in over 4 years A lot has happened in the market since I recorded my last podcast When I recorded that podcast, I had anticipated a “Turnaround Tuesday” where the market would gap up, but then sell off by the close That is exactly what happened Then the […]
Fed Casts Extras In Its Rate Hike Show Read More »
It wasn’t a Black Monday of the 1987 variety, but it was one for the record books The Dow was down opened downjust over 1,000 points – the biggest intra-day point drop ever When the market opened down that low, bargain hunters came in for a spectacular rally Bringing the Dow almost back into positive
Will the Fed Rescue the Stock Market? – Ep. 105 Read More »
By: Peter Schiff, President and CEO of Euro Pacific Capital Fasten your seat belts, this ride is getting interesting. Last week the Dow Jones Industrial Average was down more than 1,000 points, notching its worst weekly performance in four years. The sell-off took the Dow Jones down more than 10% from its peak valuations, thereby
The Fed Is Spooking the Markets – Not China Read More »
What a week for global stock markets, but in particular, the U.S. stock market, which had its worst week in 4 years The Dow Jones down better than 1,000 points – over 10% from its peak puts it in official correction territory One-third of the stocks in the S&P 500 are already down 20% from
U.S. Stock Market Correction Not Made In China – Ep.104 Read More »
Today the FOMC minutes were released at 2:00 today and this is the last look inside the head of the FOMC members before September Now expectations are being pushed back to December Gold and silver prices were up today in spite of expected hawkish Fed comments We are at more than a one-month high in
FOMC Minutes Confirm Fed Rate Hike Rocket Not Ready for September Liftoff – Ep. 103 Read More »
By: Peter Schiff, President and CEO Euro Pacific Capital China’s recent move to devalue the yuan has sent shock waves through the global financial markets and has convinced most observers that a new front in the global currency wars has begun. The move has caused many observes to envision a new round of competitive devaluations
The Shot Not Heard Around the World Read More »
China’s devaluation of the Yuan is a huge story that will ultimately reverberate through the currency worlds – most heavily in the U.S. The media has got this story wrong Ultimately this will represent a revaluation upward of the yuan against the dollar The markets have fallen to a 4-year low in the days immediately
The Real Story Behind China’s Decisions on the Yuan – Ep. 102 Read More »
On Friday we finally got the Non-Farm Payroll numbers for July The consensus is that this reports indicates that an interest rate hike is inevitable This is the rate hike that everybody has been expecting and this report see The report is weak, relative to previous months, but slightly ahead of the consensus It seems
Don’t Expect a Normal Reaction to an Abnormal Situation – Video Blog Read More »
By: Peter Schiff, President and CEO Euro Pacific Capital Over the past few years observing changes in Federal Reserve interest rate policy has been a little like watching paint dry or grass grow…only not as exciting. That’s because the Fed has not changed its benchmark Fed Funds rate since 2008 (Federal Reserve, FOMC). So with
What Kind of “Improvement” Does the Fed Want? Read More »
One piece of positive economic news ISM Non-Manufacturing Index for July surged to 60.3 – highest number in 10 years The ADP Employment Report came in at 185,000 jobs, well below the consensus June Trade Deficit rose 7.1% – in line with expectations June Layoffs rose to 105,696 biggest layoff number in 6 years Consumer
Will The Bad News Finally Matter? – Ep. 101 Read More »