Everybody is talking about the U.S. recovery, yet the economically sensitive indexes are the weakest. And of course, these deal directly with the domestic economy. You don`t have the multinationals in the Russell 2000, that you have in the Dow Jones.
And if all this story about how there is weakness overseas, but America is an island of strength in a sea of recession, if that really were true why are the indexes that are most tied to the U.S. Economy the weakest?
Related trading instruments: SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), FedEx Corporation (FDX), Delta Air Lines (DAL), Union Pacific Corporation (UNP)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Oct 13, 2014
Stock Market: The Worst Week In Years
It was the worst week in the stock market in years. The Dow Transportation Index, it had the biggest decline in over 3 years, down 6.9 percent. And that`s despite Crude Oil down 4.6%. That`s the worst week in about p months and over the last 2 weeks crude oil is down 8.5 percent.
The nasdaq was down 4.4% on the week. The worst week in 30 months. And the Russell 2000 which is an even broader measure, which has been weaker, was down 4.6% on the week.
The Dow Jones is now flat on the year, maybe slightly negative, but the Nasdaq is down, the Russell 2000 is down. In fact the Russell 200o index has the worst chart of them all.
It`s interesting that the most economically sensitive measures, which are the transports and the Russell are the weakest.
Related stocks and ETFs: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), Delta Air Lines, Inc. (DAL), FedEx Corporation (FDX), Union Pacific Corporation (UNP)
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 nasdaq was down 4.4% on the week. The worst week in 30 months. And the Russell 2000 which is an even broader measure, which has been weaker, was down 4.6% on the week.
The Dow Jones is now flat on the year, maybe slightly negative, but the Nasdaq is down, the Russell 2000 is down. In fact the Russell 200o index has the worst chart of them all.
It`s interesting that the most economically sensitive measures, which are the transports and the Russell are the weakest.
Related stocks and ETFs: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), Delta Air Lines, Inc. (DAL), FedEx Corporation (FDX), Union Pacific Corporation (UNP)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Oct 10, 2014
Federal Reserve: QE Has Not Worked!
Related trading instruments: SPDR S&P 500 Index ETF (SPY), Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), Bank of America (BAC), J.P. Morgan (JPM), Facebook (FB), Netflix (NFLX), Twitter (TWTR), Tesla Motors (TSLA)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Oct 9, 2014
Federal Reserve: Their Plan Is To Launch QE4
Related trading instruments: Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Gold Trust ETF (GLD), SPDR S&P 500 Index ETF (SPY)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Oct 8, 2014
Bitcoin: Don`t Buy The Dips
The downturn has resumed with a vengeance. (...) I don`t see any significant support in this market and I still think we are headed quite a bit lower between now and the end of the year. There may be some bounces but these are simply opportunities in my opinion to sell. I don`t think the name of the game is to try to buy dips in Bitcoin.
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.
Oct 7, 2014
Gold & Silver: Opportunity To Buy
These are opportunities. And again, I don`t know when the irrationality is going to stop. I just know that the markets aren`t rational right now and it can stay that way for a while longer. But as long as we are not using leverage, as long as we are buying things we can afford and not overextending ourselves, it does not matter if the market goes against if in the long run we get the direction right.
And eventually, the short term losses, if the markets move against us, end up being long term gains, which I rather have. I rather have a short term loss and a long term gain than a short term gain but a long term loss.
Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), Hecla Mining (NL), Goldcorp (GG), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
And eventually, the short term losses, if the markets move against us, end up being long term gains, which I rather have. I rather have a short term loss and a long term gain than a short term gain but a long term loss.
Related stocks and ETFs: Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), Hecla Mining (NL), Goldcorp (GG), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD)
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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