The Dollar/Yen (USD/JPY) is really breaking down. And to me that is a very scary proposition for the markets to see this strength coming in the Japanese Yen.
(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.
Jan 7, 2016
The Reason Why The Stock Market Is Falling
I do not believe that the news announcement had anything to do with the market`s decline. The market would have declined anyway even if North Korea had not tested the bomb, they would have blamed it on something else.
But the real problem is the Federal Reserve taking away the monetary heroin from all the addicts on Wall Street and this is the withdrawal.
(Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Barclays Capital High Yield Bnd ETF (JNK), 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.
But the real problem is the Federal Reserve taking away the monetary heroin from all the addicts on Wall Street and this is the withdrawal.
(Select Sector Financial Select Sector SPDR ETF (XLF), SPDR Barclays Capital High Yield Bnd ETF (JNK), 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.
Jan 6, 2016
2008 Crisis: On The Verge Of Something Even Bigger
We are on the verge of something much more pronnounced than what happened in 2008. It is going to be a crisis that is going to be far more profoundly felt be everybody. It is going to make a much bigger difference.
Related ETFs: SPDR ETF (XLF), SPDR Barclays Capital High Yield Bnd ETF (JNK), SPDR Dow Jones Industrial Average ETF (DIA), 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.
Related ETFs: SPDR ETF (XLF), SPDR Barclays Capital High Yield Bnd ETF (JNK), SPDR Dow Jones Industrial Average ETF (DIA), 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.
Jan 5, 2016
Stock Market: A Lot Of Technical Damage
Until the Federal Reserve changes this dynamic, I do not see what is going to prop up this market. If everybody believes that interest rate hikes are coming, if the economy is weakening, if corporate earnings are under pressure, and you are fighting the Fed there is not a lot to this market.
And if you look at the technicals of the market, you look at the trends that have been broken in the S&P 500 Index, in the Nasdaq, in the Dow Jones Industrials... I mean there is a lot of technical damage to this market and it takes some kind of a game changing event (to reverse it).
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 if you look at the technicals of the market, you look at the trends that have been broken in the S&P 500 Index, in the Nasdaq, in the Dow Jones Industrials... I mean there is a lot of technical damage to this market and it takes some kind of a game changing event (to reverse it).
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Dow Jones Transportation Index: Officially In Bear Market Territory
The Dow Jones Transportation Index continues to get crushed, again the weakest index on the day. We are down more than 20 percent from last year`s high. We are officially in bear market territory in the Dow Jones Transportation Index and do no try to blame this on weak oil prices. This is all about the economy and economic weakness as these are economically sensitive stocks and that is why they are suffering.
Related stocks: FedEx Corporation (FDX), Union Pacific Corporation (UNP), United Parcel Service, Inc. (UPS), Norfolk Southern Corp. (NSC), CSX Corporation (CSX)
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 stocks: FedEx Corporation (FDX), Union Pacific Corporation (UNP), United Parcel Service, Inc. (UPS), Norfolk Southern Corp. (NSC), CSX Corporation (CSX)
Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.
Jan 4, 2016
Crude Oil, Stock Markets Are Being Impacted By A Weaker Economy
The Transports were the weakest index of the year. I think they were down about 17 percent. in 2015. Now, that is the index that is the biggest beneficiary of lower oil prices. So clearly if the Transports were the weakest of the indexes, the weakness cannot be because of the cheap oil. It has got to be another reason. And again I think it has to do with the economy. Oil is being impacted by the weakness of the economy and so are economically sensitive stocks.
Related stocks: Union Pacific Corporation (UNP), FedEx Corporation (FDX), United Parcel Service, Inc. (UPS), Norfolk Southern Corp. (NSC), CSX Corporation (CSX)
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 stocks: Union Pacific Corporation (UNP), FedEx Corporation (FDX), United Parcel Service, Inc. (UPS), Norfolk Southern Corp. (NSC), CSX Corporation (CSX)
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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