Wednesday, January 8, 2020

Peter Schiff: Phase One Is a Truce Not a Victory


The U.S. stock market continues to add to its gains; the Dow Jones is up another 100 points today - a new record high: 28,235.89. 

We were up better than 200 points at one point in the day, but all the indexes are hitting new 52-week, or record highs. Basically, we continue to bask in the light of the U.S. China Trade Deal that on Friday, we finally got news that the rumors of a trade deal were actually true. 

There actually is a trade deal because the Chinese have agreed, or admitted that they, too have come to some type of understanding with the United States on a Phase 1 Deal.

at