Markets Finally Call Powell’s Bluff - Ep 858
The Peter Schiff Show Podcast
Peter Schiff
4.7 • 5.8K Ratings
🗓️ 1 December 2022
⏱️ 38 minutes
🧾️ Download transcript
Summary
· The next leg down in the dollar and the next leg up in gold may be here.
· High interest rates creating a glut of sellers and a lack of buyers in housing.
· 2023 will be the year that the air finally comes out of the Bitcoin bubble.
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Transcript
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| 0:00.0 | The Peter Shiff Show. |
| 0:09.5 | Today's podcast was recorded yesterday. |
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| 0:37.1 | I think today was a very important day in the markets. |
| 0:41.6 | And I think there's a good chance that we're going to begin the next leg down in the US |
| 0:46.8 | dollar, the next leg up in gold, and also experience a bear market rally in the US stock market |
| 0:56.1 | that could take us through the end of the year. |
| 0:58.7 | We may end up getting at proverbial Santa Claus rally after all. |
| 1:03.5 | And it may spark a lot of false optimism for that bull trend to continue in 2023. |
| 1:10.9 | But I think investors are going to end up being substantially disappointed. |
| 1:16.2 | The rally that we're likely to have in December, it's not just a Santa Claus rally. |
| 1:22.1 | It's a suckers rally and the Grinch may not steal the bull market before Christmas. |
| 1:28.1 | But I think he will make his appearance early in the new year. |
| 1:32.6 | And my expectation is that the US stock market will make new lows in 2023 after we get a |
| 1:40.7 | year in rally in 2022, especially in some of the tech stocks that have really been beaten |
... |
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