Peter Schiff: Don’t Trust the Rebound Yet

In his latest podcast, Peter reviews April’s surprising turnaround in the stock market, explores the myths of tariff-driven economic patriotism, and exposes the contradictions in US currency policies. He also shares his skepticism about the delayed economic impacts of tariffs and comments on the intersection of political influence and wealth in Washington’s culture.

Peter starts by describing last week’s dramatic reversal in the stock market, with particular focus on the technology-heavy Nasdaq index:

Well, you know, when the month of April started out, we were on track for probably one of the worst Aprils in the stock market. Certainly the worst since 2020, the COVID April, but it may have been worse than that. You know, following liberation day on April, April 2nd. But over the past two weeks or so, we’ve had a complete reversal of that decline. And in fact, the Nasdaq, which I think was down the most other than the Russell 2000, since I think post liberation day during the month of April, the Nasdaq was down more during that month, the Nasdaq actually recovered all of its losses and closed positive on the month.