The Dow cracked 22,000 this week, marking the third 1,000-point milestone in 2017. The Dow industrials are up 20% since election day.
In fact, Pres. Trump is taking credit for the rise. As the Dow approached the 22,000 mark, the president tweeted that the market has gone up 4,000 points since his election.
In his most recent podcast, Peter Schiff once again points out that the economic fundamentals don’t support this stock market bull run, saying there are cracks in the foundation.