That rate hike (in June) even if it comes is not bearish for Gold (SPDR Gold Trust ETF (GLD)) nor is it bullish for the Dollar. What happened the last time the Federal Reserve raised interest rates? After a knee jerk reaction we had a huge rally in gold and a big drop in the U.S. Dollar.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
May 20, 2016
May 19, 2016
Stock Market: Banks (J.P. Morgan (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC)) & Interest Rates
Any meaningful increase in interest rates is not a positive for the financials. It is just wishful thinking that these financials are going to do well when the Federal Reserve raises interest rates.
Stocks: J.P. Morgan (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC)
Exchange Traded Fund: Select Sector Financial Select Sector SPDR ETF (XLF)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Stocks: J.P. Morgan (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC)
Exchange Traded Fund: Select Sector Financial Select Sector SPDR ETF (XLF)
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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