
Bond Bear Will Maul Stocks and the Dollar - Ep 905
The Peter Schiff Show Podcast
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The Dollar Index Closed Strong on the Week
The dollar index closed last week at 102 spot 9 and it closed this week at 102spot 27. All of the losses for the dollar happened on Friday with that week jobs report but the bond market didn't recover any of its losses. Dow ended up dropping almost 200 points on Friday so it didn't recover anything in fact on the week I wrote down the numbers the Dow was down almost 2% It was the worst weekly performance since March of this year Nasdaq down almost a percent point nine S&P down 1.16 percent So we may have seen the peak in the stock market especially if we're about to have another leg down in the bond market.
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