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The Peter Schiff Show Podcast

Inflation: Fed Won’t Pick a Fight It Can’t Win – Ep 672

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.75.8K Ratings

🗓️ 27 March 2021

⏱️ 57 minutes

🧾️ Download transcript

Summary


* Markets rally as the rotation to value and dividend stocks continues.
* Treasury yields slip.
* Big moves in oil and dollar.
* Gold and silver take a hit.
* Unemployment and trade deficit numbers dangerously high.
* Powell’s tool will turn the economy from recession into a depression.
* FOMC looking to advance a political agenda.
* Infrastructure spending is not stimulus.
* Despite more competition, Disney+ subscription price increases 14%.
* Read the fine print before bartering your Bitcoin for a Tesla.

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Transcript

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0:00.0

I like to thank Bambi for supporting my podcast.

0:12.0

You know, HR manager salaries average $70,000 a year, but only Bambi gives you a dedicated

0:18.4

HR manager for just $99 bucks a month.

0:21.5

To get your free compliance audit at bambi.com slash gold spelled bambi b-a-m-b-e-e.com slash

0:31.2

gold.

0:32.2

Well stocks finished a generally positive week with a strong rally into the close.

0:38.6

You know, the Dow ended up better than 450 points on the day to close the week above 33,000.

0:47.9

You know, both the Dow and the S&P managed to gain, I think it was about a one and a half

0:52.3

percent on the week.

0:55.0

Nasdaq composite actually finished down about a half a percent though it was up on Friday,

1:00.7

but the big mover was in the Russell 2000.

1:04.1

It finished the week down about 3%.

1:06.2

So the rotation continues really out of the growth oriented momentum stocks into the value

1:13.0

oriented dividend paying stocks.

1:15.3

In particular, I think now the multinationals as people are looking to invest in companies

1:21.1

that have more exposure to earnings outside the United States, rather than to those that

1:26.0

are focused more on the domestic economy.

1:29.3

Helping the markets a bit this week was a drop in long term interest rates yields on the

1:35.1

10 year US treasury did slip a bit.

1:37.8

We closed the week at 1.66 and on the 30 year we're at 2.367.

1:44.2

So a little bit lower than the previous week taking some of the pressure off the stock

1:49.6

market, oil managed to rise about $2 on the day.

...

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