The Peter Schiff Show Podcast - Episode 473 Recorded June 7, 2019 Dow Finished the Week with a 4.7% Gain - The Dow Jones soared 263 points today, although at one point the index was up better than 350 points. But it managed to finish the week with a 4.7% gain. That is the best showing for the Dow Jones Industrials in 6 months and in fact we snapped a six-week losing streak this week.  All of the major averages had positive weeks.  The NASDAQ -  the best gainer on the day; up 1.7% - not quite as strong on the week because it took a shellacking on Monday with the FANG stocks leading the way down - but up about 3.7% on the week.  Similar gains for the Russell 2000, the Dow Transports, the S&P 500 not quite as strong as the Dow - I think up about 4.2% on the week. What was the Catalyst? - But why? What was the catalyst for this big move up in the U.S. stock market? Was it better than expected earnings? Not really.  Some companies beat estimates. Take a look at some of these recent IPO's like Zoom Video. Zoom Video was up 18% today because it earned 3 cents a share instead of the one cent that Wall Street was expecting. Now, 3 cents per share is not a lot of earnings when you're a $94 stock, but that's where the stock is. ... https://www.youtube.com/watch?v=jwLwHe97UkY

The Peter Schiff Show Podcast - Episode 79 I forgot to mention that April auto sales fell to their lowest level in a year. Sales have now missed expectations for five months in a row. The worst part is that year-to-date sales are now the lowest since 2009! http://www.USTaxFreeZone.com SIGN UP FOR MY FREE NEWSLETTER: http://www.europac.net/subscribe_free_reports ... https://www.youtube.com/watch?v=ohUSkBJyuD8