A huge rally going on in the U.S. stock market, but this rally is coming despite weak corporate earnings, earnings downgrades coming from companies, companies issuing warnings that their earnings are not going to meet expectations. There have been some stocks that have reported better than expected earnings, but the overall trend is weaker earnings and of course many companies are using the dollar as an excuse to why their earnings are down.
Related trading instruments: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), Apple (AAPL), Facebook (FB), Amgen (AMGN)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Feb 18, 2015
Feb 17, 2015
Empire State Manufacturing Index: Employment & Future Business Conditions Weakened
Topics: Future business conditions worsened by the most in six years in the Empire State Manufacturing report;
Related trading instruments: SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Feb 16, 2015
India Can Rally The Gold Market
Topics: If India lowers its gold tax, it may cause a big rally in gold prices;
Related stocks: Newmont Mining (NEM), Goldcorp (GG), Barrick Gold (ABX), NovaGold (NG)
Related ETFs: SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX)
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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