If COVID Didn’t Hurt Stocks, Why Should a Vaccine Help? – Ep 628
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 18 November 2020
⏱️ 57 minutes
🧾️ Download transcript
Summary
* Another vaccine, another rally.
* Easy money is here to stay no matter what happens with COVID.
* Price surges coming.
* Was Buffett embarrassed by his big Barrick buy?
* Ray Dalio recommending the entire Euro Pacific investment strategy.
* Airbnb going public with no reason for optimism.
* Hidden agenda of Bitcoin whales is to trap the minnows.
* Voting for the CARES Act shows how little you care about the country.
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Transcript
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| 0:00.0 | The Peter Shiff Show |
| 0:09.0 | Like to start off by thanking Indeed for supporting the Peter Shiff Show podcast, this |
| 0:14.3 | year has challenged businesses across the globe to be the most efficient they can possibly |
| 0:20.1 | be, which means every hire is critical. |
| 0:24.4 | Indeed is here to help you finish 2020 strong. |
| 0:27.8 | Indeed is the number one job site in the world. |
| 0:31.1 | Get a free $75 credit at indeed.com slash Peter, terms and conditions apply, offer |
| 0:36.9 | valid through December 31. |
| 0:38.8 | The indexes surrendered some of yesterday's strong gains today with the exception of |
| 0:44.2 | the Russell 2000, which continues its run of new highs. |
| 0:49.0 | It was up about a third of a percent today, closing at a new all time record high. |
| 0:54.5 | The catalyst that drove yesterday's rally was the news that Moderna now also has a |
| 1:01.1 | COVID vaccine that looks very promising. |
| 1:04.8 | Its efficacy I think is 95%, which tops Pfizer's 90%. |
| 1:10.4 | So now we have two potential COVID vaccines under development that look very promising. |
| 1:17.6 | And that sparked an immediate rally in the markets pre-open yesterday. |
| 1:23.5 | The news came out before the open, similar to what happened with the Pfizer announcement, |
| 1:29.1 | only this time it wasn't as big a positive move up in the market or as big a drop in |
| 1:34.9 | gold. |
| 1:35.9 | Gold did drop. |
| 1:36.9 | It ended up down about 20 bucks initially as soon as the news came out and then it regained |
| 1:42.4 | some of those losses but still finished down on the day. |
... |
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