by Chris Waltzek
Peter Grandich of Peter Grandich and Company rejoins the show with comments on US equities and the Precious Metals sector. He views the US shares market as somewhat ambiguities and bifurcated. While corporate earnings have slowed, the engine of higher share prices, investors have discounted the odds of future Fed rate hikes, which lowers corporate debt issues, viewed as a positive by bullish investors. Put differently, monetary policies are the central reason why US shares continue to tread water. Nevertheless, by propping up economic conditions with near zero rates and buying up toxic debt, the slight of hands artificially boost GDP. As a result, the pseudo-recovery has put the domestic economy in jeopardy. Meanwhile, the precious metals sector could continue to shine this year amid increased global geopolitical tensions, as well as improved demand and limited supply.