Holiday Rally Major U.S. stock markets managed to finish a holiday-shortened week with strong rallies. The Dow Jones was up 254 points on the day; earlier in the day it was up better than 400, so the last hour did see the U.S. markets giving up part of their gains. The NASDAQ up 114 points, […]
Podcast: Download
Quarter Ends but Pain Begins – Ep. 342 Read More »
Incredible Stock Market Volatility We’re having more incredible stock market volatility and I’ve spoken about the pickup in volatility as another sign that things are different; that we’ve had a change. Increased volatility usually happens at inflection points, especially when we had a record period of minimum volatility. A of a sudden, we’re having incredible
Podcast: Download
Investors Remain Oblivious to Flashing Warning Signs – Ep. 341 Read More »
The Rally that Failed On my last podcast, which I recorded on Wednesday, I pointed out that the market’s failure to hold the rally in the aftermath of the rate hike. In the face of all of the bullish statements made by Powell about how great everything was, and how strong the economy was, we
Podcast: Download
Will Gold Breakout as Stocks Breakdown? – Ep. 340 Read More »
Fed Surprised No One Today, the Federal Reserve surprised nobody. They raised interest rates by 25 basis points; the 6th rate hike since the Fed began, in December of 2015. The rate is now between 1.5% and 1.75%, so the midpoint of that is around 1.635. So we’re still significantly below 2%, but I guess
Podcast: Download
Is the Fed Losing Control of the Narrative? – Ep. 339 Read More »
Tomorrow is the first of the Fed’s 2-day Federal Open Market Committee Meeting, and it’s going to be the first meeting where there is supposed to be a rate hike and a press conference for the new chairman, Jerome Powell. The markets are pretty much at 100% probability that the Fed is going to raise
Podcast: Download
Is the March Rate Hike Really a Lock? – Ep. 338 Read More »
Retail Sales Down Three Months in a Row I’ve got so much to talk about today, it’s hard to even figure out where to begin. So I’ll start with some of the economic data that came out today, in particular, the February Retail Sales number. Remember last month we had a bad number, -.3, the
Podcast: Download
The Worse Things Get, the Less Investors Notice – Ep. 337 Read More »
NASDAQ New High The stock market had one of its best days of the year; I think it was the second best day. The Dow was up 440 points – just under 1.8%. The NASDAQ was up 132 points; about the exact same percentage as the Dow. The NASDAQ is now at an all-time record
Podcast: Download
Tariffs Are Not Good for Workers Read More »
Message Body: Dear Mr. Schiff, I live in Hamilton, New Zealand. I just watched your interview with Nicholas Merten of Data Dash. In mid-2012, I watched your Wall Street video. I came from a left-leaning upbringing but after watching that video, I was immediately convinced that you were correct. I bought your books The Real
You Convinced Me of Free Market Capitalism Read More »
Continued Stock Market Volatility The U.S. stock market continues to be extremely volatile, and as I have said many times on this podcast, I think this volatility following a long-term record lack of volatility is a good sign that the uptrend has changed. So there’s a good chance that the bull market is now a
Podcast: Download
All Government Economists Should Be Fired – Ep. 335 Read More »
By: Peter Schiff, President and CEO Euro Pacific Capital With his announcement last week of broad tariffs on imported steel and aluminum, President Trump launched what could be the first salvo of an all-out global trade war. Seemingly itching for a fight, he gleefully tweeted that “Trade wars are good, and easy to win.” It
Trump Plays with Fire on Trade Read More »
