Peter Schiff: Stocks Soar on Trade War De-Escalation Hopes

Peter Schiff, the renowned economist and gold bug, has cast a critical eye on April’s stock market rally, dismissing it as a fleeting surge built on unsustainable optimism surrounding a de-escalation of the US-China trade war. In his latest commentary (Episode 1024), Schiff dissects the underlying economic weaknesses he believes are being masked by misleading indicators and short-sighted policy decisions. Schiff argues that the market’s upward trajectory is fueled by unfounded hopes for a swift resolution to the trade conflict. He challenges the administration’s rosy pronouncements on the benefits of a strong dollar, highlighting the inconsistencies and potential negative consequences…