The financials are leading this market down. We have some of the biggest losers in the financials, J.P. Morgan (JPM), Goldman Sachs (GS), Morgan Stanley (MS), Citigroup (C). In fact if you look at these charts, these are among the weakest charts out there. And you would think that if the Federal Reserve is continuing to taper and the economy is not as strong as people thought, that should be bad for the financials.
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 6, 2014
A Wake-Up Call For The Bond Market
An increase in QE will be a wake-up call for the bond market, and if the bond market does not wake up, the currency markets will wake it up.
Related ETFs: ProShares UltraShort Lehman 20+ Year ETF (TBT), iShares Barclays 20+ Year Treasury Bond ETF (TLT)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Related ETFs: ProShares UltraShort Lehman 20+ Year ETF (TBT), iShares Barclays 20+ Year Treasury Bond ETF (TLT)
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 5, 2014
Economic Data: April`s ISM & The Weather Excuse
Economic news out today: ISM non manufacturing for April coming in slightly better than forecast. Of course non manufacturing unfortunately is the lion share of the U.S. economy and so April numbers a little bit higher than March, although just barely. If you are trying to argue that the economy was disaster because of the weather, you would have expected a much bigger jump in the ISM for the month of April.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Employment Report: 1 Million Left The Labor Force in April
Let`s get beneath the surface of the unemployment rate dropping to 6.3 percent. How did that happen?
Well, almost a million people left the labor force in the month of April. A million people! It`s the biggest exodus in 1 month since they beta keeping records. Now if the economy was so good, why did so many people leave the labor force in April?
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Well, almost a million people left the labor force in the month of April. A million people! It`s the biggest exodus in 1 month since they beta keeping records. Now if the economy was so good, why did so many people leave the labor force in April?
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 3, 2014
Video: Minimum Wage & Vanishing Jobs
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 2, 2014
U.S. Economy: There's No Evidence Of A Recovery
Everybody is talking about the recovery, but there's no evidence of a recovery - except that the Fed says there is a recovery.
Related ETFs: SPDR S&P 500 Index ETF (SPY), 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.
Related ETFs: SPDR S&P 500 Index ETF (SPY), 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.
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