Stock markets appear to have stabilized after a “December to remember.” But in his most recent podcast, Peter Schiff said we’re really just in the eye of a financial hurricane.
The selloff began after the September Fed rate hike. At the time, Peter called it the hike that broke the camel’s back. The market plunged in October and Wall Street ended up having its worst December since 1931. But over the last few weeks, things have calmed as we entered the eye of the storm.