Stock Market: Will the Fed Raise Rates In June?

If Wall Street actually believes that the Federal Reserve is serious about rising interest rates in June, which I do not believe, but if WallS treat believed it, the market would be tanking.

As we got closer and closer to the date that the Fed was theoretically going to raise interest rates, the market would be so low that any talk of a interest rate hike would be dead because now the Federal Reserve would have to deal with tighter financial conditions which is the way they refer to it.  (SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), iShares Russell 2000 Index ETF (IWM))

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Next Crisis Will Be A Currency Crisis

People are still refusing to admit what should already be obvious. But the problem is people who believe that the Federal reserve solved the problems, they never understood the problems in the first place, that is why they were surprised by the 2008 financial crisis. That same people will be even more surprised by the next crisis which will not just be a financial crisis, it will be a currency crisis which is going to be a whole lot worse than the financial crisis.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

The Stock Market: Earnings, Federal Reserve

The stock market right now is caught between earnings going down but the belief that the Federal Reserve will come back in the game with an interest rate cut or more quantitative easing to let the market back up. (iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ), SPDR S&P 500 Index ETF (SPY), 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.