Monday’s Gold Drop Flushed out Weak Longs – Ep. 480

Monday’s Gold Drop Flushed out Weak Longs – Ep. 480

Recorded July 2, 2019

See Peter at the Las Vegas Freedom Fest – July 17-20
https://www.freedomfest.com/
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Markets Worried About Slowing Domestic Economy
If you just looked at the U.S. stock market averages, you would conclude that not much happened today, but you would be wrong. Even though the S&P and the Dow and the NASDAQ were only up about a quarter of a percent, or maybe .3% - pretty small days. Although, as has been typical recently the Russell 2000 was down .6% and the Dow Transports down .8%. So the market, contrary to all the hoopla that you hear about how great the U.S. economy is, the markets are more worried about the slowing domestic economy than they are the global economy.
Strongest Economy in U.S. History?
In fact, the Cheerleader-In-Chief, for how strong the U.S. economy is, of course, is Donald Trump. He is constantly up there tweeting about how strong the U.S economy is. In fact, today, he proclaims that we currently have the strongest U.S. economy in history. Now, I remember, when he used to tweet about h0w strong the economy was, that we had the strongest economy in history, he would say, "Oh it's probably the strongest economy in history…" I mean he would qualify it a little bit. But now, no more qualifiers. He is emphatic. Without a doubt, this is the strongest economy is U.S. history.
Fake News
Of course, I don't like hypocrites. One of the things that Trump does, is he calls out the media for spreading fake news. The problem, is, he spreads fake news, too. When he is talking about how we have the strongest economy ever, that's fake news! So you can't live in a glass house and then throw stones and that's what the President does.
More Weak Numbers
In fact, if you look at the economic data that came out this week, the data was weak! The ISM manufacturing number and the PMI number were weak . In fact they weren't as weak as they were expecting, but they were expecting weak numbers and we got weak numbers. Just not quite as weak. Although, the construction spending number that came out yesterday was considerably weaker than had been expected. Now, the Atlanta Fed is still at 1.54% .



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Jaksot(1077)

SchiffRadio Podcast Episode 20

SchiffRadio Podcast Episode 20

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17 Marras 201420min

SchiffRadio Podcast Episode 19

SchiffRadio Podcast Episode 19

Episode 19: Low-Paying Jobs And Student Debt Undermining Marriage * There are more single Americans than ever * Job quality and debt are disincentive to marriage * Government policy promotes generations of single mothers * Two out of every five mothers are single * If the economy is getting better, why is this happening? Our Sponsors: * Check out Aeropress and use my code GOLD for a great deal: https://aeropress.com * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

13 Marras 201414min

SchiffRadio Podcast Episode 18

SchiffRadio Podcast Episode 18

Episode 18 Synopsis * Obamacare architect Jonathan Gruber admits fraud promoting Obamacare: * "They proposed it and that passed, because the American people are too stupid to understand the difference." * Administration's argument to Supreme Court about constitutionality of Exchanges claims "typo" * The average American may not be able to make decisions for others, but they know what is best for themselves Our Sponsors: * Check out Aeropress and use my code GOLD for a great deal: https://aeropress.com * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

13 Marras 201420min

SchiffRadio Podcast Episode 17

SchiffRadio Podcast Episode 17

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SchiffRadio Podcast Episode 16

SchiffRadio Podcast Episode 16

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SchiffRadio Podcast Episode 15

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6 Marras 201426min

SchiffRadio Podcast Episode 14

SchiffRadio Podcast Episode 14

Episode 14 The U.S Recovery is as Real as Ireland is a Part of the U.K. Our Sponsors: * Check out Aeropress and use my code GOLD for a great deal: https://aeropress.com * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * Check out Boll & Branch: https://boilandbranch.com/SCHIFF * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

6 Marras 201429min

SchiffRadio Podcast Episode 13

SchiffRadio Podcast Episode 13

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