# @peterschiff on Instagram

- **Type:** Video
- **Original URL:** https://www.instagram.com/p/CzkFIAws8GH
- **Gondola URL:** https://gondola.cc/posts/9870375-peterschiff-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/c82058fc6a.jpg
- **Posted:** 2023-11-12T23:06:16.000+00:00

## Caption

Another week of stock market gains, but let’s not celebrate just yet. The fundamentals are screaming for lower prices, yet a narrow rally persists. A handful of stocks, led by tech giants like Microsoft, are soaring, while the broader market lags behind.

The Dow sees a 400-point surge, but it’s the tech stocks driving the real action, especially on the NASDAQ. The Russell 2000 tells a different story, stagnant since 2018. Valuations are stretched to the max.

Why the rally? The prevailing belief: the Fed is tapping out on rate hikes. No increases this year, probably not the next. Markets anticipate 75 basis points of cuts next year, and I suspect they’ll demand more. If the Fed slashes rates, it signals economic weakness and potential crises ahead.

This rally isn’t a victory lap; it’s a warning. Beware of the illusion of market strength. 

This clip is from Episode 930 of The Peter Schiff Show. To listen to the full episode, visit https://SchiffRadio.com

#stockmarket #fed #investing #economy #tech #stocks #msft

## Stats

- **Views:** 956
- **Likes:** 127
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- **Comments:** 2

## Tags

economy, stockmarket, stocks, fed, msft, investing, tech

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