Overall the market is now recovering because I believe more and more people are beginning to realize that the Federal Reserve is not only not going to be raising interest rates in 2016 but they are going to be cutting them, they are going to be doing another round of economic stimulus and that is what is saving the stock market.
The question is, will the Federal Reserve meet those expectations and actually come out and validate them or they are going to throw cold water on it and in this that case this rally will fizzle out and the market is going to go to new lows. (SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Futures)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
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