Q1 Ends as Market and Economic Pain Begins – Ep 795

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 2 April 2022

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

* Fools bought the dip in March.
* Don’t wait to sell in May and go away.
* Cathie Wood turns down debate invitation.
* Meme stocks pumped, peaked, and dumped.
* Dollar’s tailwind in Q1 will become a headwind in Q2.
* Bonds suffer their worst quarter in 40 years.
* Commodities experience their best quarter in 32 years.
* America is headed for stagflation.

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Transcript

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0:00.0	The Peter Ships Show
0:07.0	Today's podcast is sponsored by Bambi, HR Managers Ain't Cheap, Salary's Average
0:15.0	$70,000 a year.
0:17.1	Just go to bambi.com slash gold to schedule your free HR audit.
0:21.6	Today's podcast is also sponsored by Athletic Greens.
0:25.4	Athletic Greens is going to give you a free one-year supply of immune supporting vitamin
0:30.2	D and five free travel packs with your first purchase.
0:34.2	Just go to AthleticGreens.com slash Peter to take ownership over your health and pick
0:38.9	up the ultimate daily nutritional insurance.
0:42.3	Thursday was the final day of the first quarter for the financial markets.
0:48.0	Monday, April 1st was the first day of the second quarter, April Fool's Day.
0:54.6	The first quarter would have been decisively worse.
0:58.0	Had so many fools not bought the dip in the last few weeks of March because before that
1:04.3	rally, the numbers were even worse.
1:07.4	But even with that bounce, this was the worst first quarter for stocks since Q1 of 2020,
1:15.1	which of course was a disaster because that was the beginning of COVID-19 and the markets
1:21.0	really got killed during that particular time period.
1:25.1	But I think that those fools who bought in the last few weeks of March are going to be
1:30.2	separated from their money in the second quarter.
1:33.5	In fact, there's an old Wall Street adage selling May and go away.
1:39.1	And even though it doesn't rhyme, I wouldn't wait until May.
1:43.0	I would sell and go away in April because there is a lot of risk in these stocks.
	...

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