FANG’s Take a Bite Out of the Market – Ep.  406

FANG’s Take a Bite Out of the Market – Ep. 406

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Dow Swings More Than 900 Points
Well we didn't have a Black Monday today, but we did have a pretty big selloff, especially if you measure the decline from the early morning pop to the late afternoon drop. I think it was better than a 900 point selloff. Earlier this morning the Dow Jones was up about 350 points, and I think halfway through the final hour, we were down as much as 560 points. Now, we managed to recoup a good chunk of those late day losses in the final half hour, with the Dow down just 245 points. Just over 1%. The NASDAQ trimmed its loss to 116 points - 1.63%. Of course, all the analysts are focusing on the fact that we didn't close on the lows! "Hey, it's strong; look, we had a huge rally, impressive rally off the lows!"
A Downside Reversal
There was nothing impressive about that rally. This actually was a downside reversal. Remember we were all talking last week about the upside reversal that wasn't? When the market was way down, and then it only closed a little bit down? That's not a reversal. Today was a reversal. We were way up, and we closed way down. That is a real downside reversal, and that's far more significant than the meaningless, fictitious reversal that we had last week.
Warning Signs Ignored
Look at some of these individual stocks: Boeing, last week, which was one of the only Dow stocks that actually had a good day - remember it had better than expected earnings, and Boeing went up? It was down almost over 7% today - Boeing getting killed. IBM, though, a much bigger deal: down 4%. A new 52-week low - multi-year low. This should have been a warning sign right out of the gate. It's kind of amazing that people ignored the news that came out over the weekend on IBM and they bought the market anyway.
Red Hat Hail Mary
IBM announced that it was buying a company called, Red Hat, and it's an all cash deal. They are way over-paying for this company. Now IBM is the poster child for stock buybacks. And the fact that they are throwing this Hail Mary by over-paying for this company really shows you that time is running out.



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Less Loose Is Not Tight – Ep 726

Less Loose Is Not Tight – Ep 726

* Fed will talk about tapering until it can use Delta as an excuse not to. * Bitcoin is irrelevant to monetary policy. * Accepting Bitcoin for mortgage payments is a publicity stunt, not a use case. * Fed uses owner’s equivalent rent data to hide the scarier actual rent data. * FDR may have killed the dollar, but Nixon helped bury it. Thanks FEALS. Become a member at https://feals.com/gold and you'll get 50% off your first order with free shipping. Thanks https://truebill.com/gold. It could save you hundreds a year. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * 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

21 Aug 20211h

Stimulus Even Harder to Exit Than Afghanistan – Ep 725

Stimulus Even Harder to Exit Than Afghanistan – Ep 725

* Markets spooked by CNBC interview with Boston Fed President. * Higher inflation leads to more poverty and a wider wealth gap. * Food stamps are really money stamps. * Media campaigns to soften up the public to inflation. * Stimulus postponed the pain for some, but it’s about to come due. * Jerome Powell warns Americans to prepare for a recession. * Fed created a dollar crisis in response to the looming financial crisis. Thanks Ladder Life Insurance. Go to https://ladderlife.com/gold today to see if you’re instantly approved. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * 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

18 Aug 202147min

Fifty Years of Fiat Failure – Ep 724

Fifty Years of Fiat Failure – Ep 724

* Rising costs increasing producer pricing. * US home prices rising at fastest pace in history while affordability hits record low. * Trade deficit continues its path higher. * Inflation exposed in increased export prices. * The whole of this tightening cycle will be all talk and no rate hikes. * Consumer sentiment goes lower as consumer prices go higher. * Fed in Catch-22 with consumer sentiment. * We left the gold standard 50 years and may soon leave the dollar standard. Go to https://bambee.com/gold to schedule your FREE HR audit. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * 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

14 Aug 202157min

Larger Deficits Mean Higher Inflation – Ep 723

Larger Deficits Mean Higher Inflation – Ep 723

* Gold reacts counterintuitively to inflation fears. * Fed changes the definition of transitory inflation. * Q2 Productivity numbers disappoint analysts. * Biggest government expansion of the welfare state since the New Deal and Great Society. * Elizabeth Warren wants to sick the IRS on the middle class. * AMC tries to pump their stock as a crypto play. * Bitcoin will live and die by the gold sword. Thanks Raycon! Go To https://buyraycon.com/gold for 15% off your entire Raycon order. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * 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

12 Aug 202150min

Markets Move on Fantasy, Ignore Reality – Ep 722

Markets Move on Fantasy, Ignore Reality – Ep 722

* Wall Street trading on “garbage in, garbage out” algorithm. * Another month, another record trade deficit. * Moratorium on student loan payments extended. * Eviction moratorium will send rent prices skyrocketing. * Supreme Court says eviction moratorium is unconstitutional; Biden extends it anyway. * AOC says we have a supply and demand problem. * CNBC baits Lyft CEO for a Bitcoin headline. Become a Firstleaf member and get 6 bottles of wine for $29.95 and free shipping https://tryfirstleaf.com/gold INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * 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

7 Aug 20211h 4min

Central Banks Have Inflated the Mother of All Bubbles – Ep 721

Central Banks Have Inflated the Mother of All Bubbles – Ep 721

* Jack Dorsey’s Square acquires Afterpay in largest corporate takeover in Australian history. * Activision discriminates against Republicans, not women. * Black Women’s Equal Pay Day is based on nonsense. * Gender pay gap in women’s soccer is a result of their own choices. Get an extra 3 months Free on a one year package. https:/expressvpn.com/gold RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * 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

4 Aug 20211h 11min

Inflation: Stealth Default, Fake Growth – Ep 720

Inflation: Stealth Default, Fake Growth – Ep 720

* Inflation creating illusion of economic growth. * Oil prices go up, but energy stocks get beat up. * Fed won’t wage a war on inflation, never mind win it. * Robinhood steals from the poor and gives to a few rich hedge funds. * Saylor’s Bitcoin comparisons are nonsense. Go to https://bambee.com/gold to schedule your FREE HR audit. RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * 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

31 Juli 202143min

It’s Game Over if Investors Call Powell’s Bluff – Ep 719

It’s Game Over if Investors Call Powell’s Bluff – Ep 719

* Trade deficit isn’t a problem until it’s a crisis. * Home sales fall while home prices rise. * Rent prices increased 25% year over year. * Fed’s only monetary policy is talk. * Markets may have begun calling the Fed’s bluff. * Powell finally admits this inflation is permanent. Thanks https://truebill.com/gold. It could save you hundreds a year. Get your new wireless plan for just $15 a month. https://mintmobile.com/gold RATE AND REVIEW the Peter Schiff Show Podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * 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

29 Juli 20211h 1min

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