Fed Helps Biden Cheat to Avoid Economic “F” – Ep 687
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 1 May 2021
⏱️ 37 minutes
🧾️ Download transcript
Summary
* Markets, gold, bonds, oil end April up; US dollar down.
* Investors may “sell in May and going away.”
* More than one third of US household income is now coming from the government.
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Transcript
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| 0:00.0 | I like to thank a brand new sponsor, Clear, for supporting my podcast. |
| 0:13.6 | Clear is a secure identity platform that provides a smooth and quick experience at airport |
| 0:19.7 | stadiums, concert halls, and other venues nationwide. |
| 0:23.8 | For a limited time, you can get two months of clear for free by going to ClearMe.com slash |
| 0:30.5 | Gold 2 and use the promo code Gold 2. |
| 0:35.2 | Major stock market indexes finish broadly lower on Friday, though it was a mixed bag on |
| 0:41.6 | the week with the S&P and the NASDAQ higher and the Dow Jones and the Russell 2000 lower. |
| 0:49.9 | So on the month, it was a different story. |
| 0:52.8 | All of the stock market indexes finished with solid gains during the month of April. |
| 0:59.5 | The smallest being registered by the Russell 2000, which was up 2% the Dow saw a rise of |
| 1:05.8 | 2.7. |
| 1:07.1 | But much bigger gains in the S&P and the NASDAQ powered by the tech sector, S&P up about |
| 1:14.1 | 5% and the NASDAQ up 6% on the month. |
| 1:20.7 | But most things were up on the month of April. |
| 1:24.2 | Gold was up 3.5%. |
| 1:26.6 | Even bonds were up as yields on long term treasuries moved lower a bit. |
| 1:32.4 | Oil was the biggest gainer on the month. |
| 1:35.2 | Prices were up 7.5%, including a 2.3% rise on the week. |
| 1:40.9 | And that is including the $1.40 drop that we ended the week yesterday. |
| 1:48.7 | The one exception was the US dollar index, which finished the month down by 2%. |
| 1:55.8 | Despite a pretty nice rise yesterday, in fact, the rise in the dollar and the sell off |
| 2:03.4 | in the stock market can be attributed to some comments from Dallas Fed Chairman Robert |
... |
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