For Now, Bad News Is Good Again – Ep 851
The Peter Schiff Show Podcast
00:00
Buying Stocks Into the Fed Meeting
The Republicans are a nine to one favorite to win the house and they're probably going to pick up more seats than just about anybody imagined. So they need a Hail Mary and maybe they're counting on the Fed to deliver that, which may happen in the form of a 50 basis point rather than a 75 basis point rate hike. And I also think a lot of the market participants are anticipating something like that coming out of the Fed next week. That's why instead of selling stocks into the Fed meeting, they are buying stocks into it. The dollar index fell from 112 Friday last week to 110.67 to close this week. Same type of action in the bond market. We saw a decent
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