Markets Push Back the Powell Pivot – Ep 835
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 21 August 2022
⏱️ 57 minutes
🧾️ Download transcript
Summary
· Investors chasing momentum.
· Not-as-weak is the new strong.
· Mortgage applications at their lowest since aftermath of dot com bubble.
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Transcript
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| 0:00.0 | Today's podcast was recorded yesterday. |
| 0:02.9 | If you want to listen to my podcast, commercial free, the day that I record them, go to |
| 0:07.8 | shifradio.com slash premium. |
| 0:10.4 | It only costs $5 a month. |
| 0:15.3 | The Peter Shif Show. |
| 0:21.4 | Today's podcast is sponsored by Raycon. |
| 0:23.8 | With Raycon, you get the same high quality audio as other premium brands, but for half |
| 0:28.5 | the price. |
| 0:29.5 | The buyratecon.com slash goal to get 15% off your order. |
| 0:34.2 | Today's podcast is also sponsored by Shopify. |
| 0:37.2 | Shopify is a platform designed for anyone to sell anywhere, giving small entrepreneurs |
| 0:42.2 | the resources once reserved for just big businesses. |
| 0:45.4 | To get a free 14 day trial and full access to Shopify's entire suite of features, go to |
| 0:50.5 | shopify.com slash goal. |
| 0:53.2 | A four week winning streak in the S&P 500 finally came to an end this week. |
| 0:59.7 | As a matter of fact, going into the last trading day of the week, the S&P 500 and the Dow |
| 1:05.0 | Jones were still positive on the week. |
| 1:08.1 | But a big sell off on Friday reversed the gains earlier in the week. |
| 1:13.4 | The Dow actually was the strongest of the indexes. |
| 1:17.0 | It was only down about 55 points on the week following in the year 300 point fall on Friday. |
| 1:24.6 | S&P down a bit more, down 1.2% on the week. |
| 1:28.8 | But again, all of that loss happened on Friday. |
... |
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