RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Broader Averages Up The Dow Jones rose 171 points today recovering a little better than half of yesterday's 300 point decline, helped by some better than expected earnings in both IBM and Proctor and Gamble. The broader averages is also up, but not nearly as much, because of the impact from those stocks; obviously not as strong. In fact, the NASDAQ, and even the S&P 500 all took out yesterday's lows intra...
Jan 24, 2019•1 hr 3 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ High School Students Smeared by Mainstream Media I am still out in Vancouver, British Columbia at the Resource Conference. I will be back in Puerto Rico on Wednesday. But I wanted to take a little time out to record this podcast here in my hotel room to address just one topic. And that has to do with this viral video that was making the rounds early yesterday that purported to show a group of high school stud...
Jan 21, 2019•28 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ It Is Not a New Bull Market The U.S. stock market averages continued the bear market correction - the correction actually extended for another week. We capped a strong week with a strong gain today across the board. But this is a correction. It is not a new bull market. But of course, if you watch stations like CNBC you wouldn't know that. All day today all they kept talking about on CNBC was that the market ...
Jan 19, 2019•51 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ The Eye of the Financial Hurricane U.S. stock markets continue to bask in the eye of this financial hurricane. Remember, we ended the hurricane following the September rate hike, and if you recall I titled my podcast, "The Hike that Broke the Camel's Back", and that's what really began the sell-off in the market. We had this horrific fourth quarter, the worst December since 1931. It may have ended up being th...
Jan 16, 2019•56 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Everything up on the Week Except Treasury Bonds and the Dollar The stock market ended a positive week on a little bit of a down note; all of the major averages had small losses today - well off the lows of the day. The market tried a couple of times to sell off but the dips were bought on each occasion and we ended up closing near the highs of the day, even though we were down on the day. Pretty much everythi...
Jan 12, 2019•1 hr 2 min
The Peter Schiff Show Podcast - Episode 433 RATE AND REVIEW this podcast on Facebook. A Bear Market Correction U.S. stocks continue their correction by moving higher yet again today. Remember, when you have a bull market, the corrections are down, because you're correcting the upward trend by moving backward. In a bear market, it's the opposite. You correct a downward trend by retracing upwards. That's what we're doing now. I think this is the first rally in this bear market, so this rally is, i...
Jan 10, 2019•46 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Big Move Up Today Another big move today in the U.S. stock market except this time the big move was to the upside, more than eradicating yesterday's big decline. In fact, looking back historically, yesterday's drop was the second biggest drop in history for the second day of the New Year. The biggest drop on the second day of a new year was in the year 2000. That was the year when the NASDAQ bubble originally...
Jan 05, 2019•47 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Big Moves in the Market Today For those of you who have been waiting all year for the first Peter Schiff Show Podcast of the new year, 2019, here it is. We finally got a day with enough worthwhile news that it made sense for me to do a podcast. I'll probably end up doing another one tomorrow, when we get the Nonfarm payroll numbers - the jobs numbers. We'll see if that's a big market mover. But we had a lot o...
Jan 04, 2019•56 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Published on: Dec 28, 2018 Or Did It? It looks like the Grinch may not have been able to stop Christmas from coming to Wall Street. It looks like the Santa Claus Rally came just the same. - or did it? The worst Christmas Eve in the history of the stock market was followed by the biggest Boxing Day rally in the history of the stock market. We don't celebrate Boxing Day here in the United States; all the other ...
Dec 29, 2018•49 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Worst Christmas Eve Day in Stock Market History As I thought would be the case, it looks like the Grinch Stole the Santa Claus Rally. Normally, the U.S. stock market rallies during the final five trading days of the year between Christmas and New Year's Day. But today was not only the worst Christmas Eve day in stock market history, it blew apart the old record. In fact, there has never been a Christmas Eve d...
Dec 24, 2018•48 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ NASDAQ Now in Bear Territory It was a big down day, in fact there was even more carnage in the NASDAQ. Today is the day that NASDAQ finally slipped into bear market territory. So, Wall Street's been calling this a correction the whole way, well now the NASDAQ is down 22%, joining the Russell 2000, down 26% and the Transports down 24%. Those 3 indexes are now officially in bear markets. It's All a Matter of Ti...
Dec 22, 2018•49 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Seventh Rate Hike since Trump's Election As expected, earlier today, the Federal Reserve nudged up the Fed Funds rate by another quarter point. The Fed is now targeting their rate at 2.25 - 2.5%. So the range is somewhere in the middle, there. This marks the sixth time the Federal Reserve has hiked interest rates since Donald Trump has been President, and the seventh time that the Fed has hiked rates since Tr...
Dec 20, 2018•46 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Two Podcasts in One Day! For those of you who were worried that I wasn't going to be able to do a podcast today to talk about the stock market or the economy because I already did a podcast earlier this morning, well, you're wrong! Here I am, doing my second podcast of the day. This may be an unprecedented event. I don't know if I've ever recorded 2 podcasts in the same day. Don't Miss This Morning's Podcast ...
Dec 18, 2018•44 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Decision May Well Stand up under Appeal A Federal Judge in the state of Texas, U.S. District Judge Reed O’Connor, has ruled that the Affordable Care Act, otherwise known as Obamacare, is unconstitutional, and therefore the law would be null and void, that it would be struck down. Of course this will be the subject of appeal, so whether or not this decision is going to hold is still an open question. But if yo...
Dec 17, 2018•48 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Technicals Portend Bear Market in Small Caps and Transports The Dow managed to finish off this Friday with a loss of less than 500 points. The Dow Jones Industrial Average finished down just 496.87 points. So I guess the headline can be: "We Avoided a 500 Point Decline!". At one point, the Dow was better than 550 points in the red. But, when you close that close to your low of the day, within 10 percentage po...
Dec 15, 2018•40 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Mainstream Forecasts Incorporating Recession We are in the early stages of this bubble popping. That's why, if you look now at a lot of the mainstream forecasts, all of a sudden, they're all incorporating recession. The probability of recession is now very high over the next couple of years. I read J.P. Morgan now is saying that there is a 70% probability that the U.S. is in recession by the end of 2020. In f...
Dec 13, 2018•39 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Pearl Harbor Day 2018: A Very Interesting Technical Day Today is December 7th, a day that will live in infamy. Unless you are a Millennial who was educated in the U.S. public school system. In which case you have absolutely no idea what happened on December 7th 1941. You've probably never heard of Pearl Harbor, you certainly don't know where Pearl Harbor is located. Maybe you've heard of World War II, but a l...
Dec 08, 2018•38 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Dow Volatility Started with Huawei News We had another very volatile day today on Wall Street, and it really got started last night with the news of the arrest in Canada of the CFO of the Chinese company, Huawei. Her father is the founder of the company and a very prominent, powerful and influential man in China and this set the mood. the Dow futures dropped initially, I think about 500 points as soon as the ...
Dec 07, 2018•48 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ No Relief As I said on yesterday's podcast, I did not we had a "Wall Street Relief Rally", based on the stand down or truce in the trade war following the backtracking by the Fed on the potential number of rate hikes and the distance we were from neutrality. Interest Rates Anything But Neutral By the way, yesterday I referred to the rate hikes as normal; I should have said neutral - obviously what we have now...
Dec 05, 2018•43 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Interest Rates and Trade War The two things that everybody seems to agree were weighing down the markets were the Fed's relentless drive to normalize interest rates, and figure out where "normal" was, and, of course, the trade war - the threat of additional tariffs overhanging the markets. So I think it was pretty clear to President Trump who is hanging his hat on the stock market, has decided that the stock ...
Dec 04, 2018•54 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ The Fed's Game of Chicken The big news was yesterday, when Fed Chairman, Jerome Powell, basically flinched. I've been talking about the game of chicken that the Federal Reserve has been playing with the markets. The way the game of chicken goes, is the markets keep moving lower and the Fed keeps talking about how great the economy is and how many rate hikes are coming in the future. Somebody has to flinch - s...
Nov 30, 2018•35 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ 25% Tariffs Will Inflict Rather Substantial Damage to the U.S. Economy The Dow Jones managed to finish the day up just over 100 points - I think that was about the high of the day, and we erased a loss that at one point was better than 200 points. I think a potential catalyst was a talk given by Larry Kudlow earlier in the day in which Kudlow raised some optimism over the possibility of a deal with China that...
Nov 28, 2018•47 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Dow Could Not Hold Onto the Gain After yesterday's, I think 550 point drop in the Dow, the market bounced back a bit today. I think at one point earlier in the day the Dow managed to gain over 200 points, but it could not hold on to that gain. It closed down just under one point. Very weak technical action for today's pre-Thanksgiving bounce. Normally, the markets are up on the day before Thanksgiving, and in...
Nov 22, 2018•52 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ FAANG's Took a Big Bite Out of the Market Another Monday, another big down day for the U.S. stock market, it is turning out to be one hell of a quarter; not all of the declines happening in October. But as I said earlier, it doesn't have to be in October for the market to crash. Today wasn't a Black Monday; certainly the percentage decline wasn't out of the ordinary. Although the FAANG stocks, in particular, ...
Nov 20, 2018•51 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Optimism Over No Tariffs Fueling Market Move Donald Trump, I think, was the reason the markets ended up finishing in the black today, at least most of the major indexes. In fact, the only index that was down on the day was the NASDAQ - the NASDAQ was the only major index that was down on the week, thanks to weakness in tech stock, in particular, the FANG stocks. The comments that Trump made today basically ga...
Nov 17, 2018•45 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Very Negative Technical Action We had another roller coaster ride in the stock market today, with the Dow Jones ending down about 200 points, but that was well off the lows of the day. I think we were down about 350 points, or close to it, at the lows. But, more interesting, we were up over 200 points earlier this morning. So this is very negative technical action, when you have these rallies and then close n...
Nov 15, 2018•32 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Surrendered Rest of Post-Election Gains in One Day As I thought, it didn't take long for the markets to surrender all of the post-election gains. The Dow Jones today was down 602 points, so we've already lost it. It took one day. On my podcast on Friday I said that we would surrender the remainder of the gains this week and we did it in the first day of the week. The NASDAQ actually had an even bigger decline...
Nov 13, 2018•39 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Dead Cat Bounce Flattens Out The Dow Jones was down a little over 200 today, closing back below 26,000. NASDAQ composite down 124 - that's a bigger percentage decline, 1.7%, approximately. The Composite is being led lower by the tech stocks, particularly the FANG stocks once again taking a bite out of the market. The markets, though, were positive on the week, thanks to that huge relief rally that took place ...
Nov 10, 2018•39 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Relief Rally Post-Midterms The elections are over and the Blue Wave was averted and the Dow Jones rose 545 points today to celebrate that fact and the NASDAQ was up 194 points, 2.64%; Russell 2000 up 26 points, about 1.67% . Now you may be wondering why there was such a big rise in the stock market based on an outcome that was pretty much expected. The Republicans lost the House of Representatives, and that w...
Nov 08, 2018•36 min
RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ An Advanced Auction on the Sale of Stolen Goods Tomorrow is Election Day, or as H.L. Mencken once described the process, "An advanced auction on the sale of stolen goods". My wife has been bugging me for some time to urge people who listen to my podcast to go out and vote on Election Day. I think she's prepared to blame me if there are any close races, either for the House, Senate or even for Governor that en...
Nov 05, 2018•40 min
