The Fed Can’t Fight What It Doesn’t Understand - Ep 869
The Peter Schiff Show Podcast
00:00
The Stock Market Is Back on Track for the Year - A New Low for the Year
The dollar index fell a full percentage point. Bitcoin spiked again is getting close to 24,000. Gold went up. We closed just above $1950 an ounce. This is also a new high on the year for gold and it's the highest price goal has traded again since April of last year. I think traders are looking at the softening economic data and the pullback in some of the inflation measures that we've had in recent months. And they think that the Fed is either done hiking now, even though Powell indicated that a couple of more hikes are coming.
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