In his latest podcast, Peter Schiff looked back at the third quarter and ahead to Q4. He said we may well see fireworks next quarter. Of course, a big factor will be the presidential election. Peter talked about the prospects for the economy in the wake of the election, and he also broke down what he called “a debate to forget.”
Stocks finished the month down modestly, but they were up on the quarter. In fact, virtually everything was up in Q3. As Peter said, it was purely a function of the Fed.
“It was the Federal Reserve’s commitment to keep interest rates low and to continue to monetize debt that drove the gains in the equity markets.”