Investors Are Mistaken About the Fed’s Mistake - Ep 860
The Peter Schiff Show Podcast
00:00
Stocks Are Getting Hurt Because of Strong Economic Data
The ISM services index for November was supposed to come in at 53.5 which would have been a decline from the 54.4 from the prior month and instead it came out at 56.5. We also got a beat on October factory orders which were supposed to rise by 0.7 but instead we had an increase of 1%. As soon as these numbers came out the S&P futures sold off sharply and they never recovered gold dumped. Yes, everyone's to the wild we're going to get some data that comes out stronger than expected but most of the data is weaker than expected.
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