Peter Schiff: Biden Takes The Helm Of A Sinking Ship

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But the stock markets sure don't act like the ship is taking on water. All four major stock indices close at new record highs on inauguration day. Peter said this proves that the stock market rally really didn't have much to do with Donald Trump.

If the stock market gains were really attributable to Donald Trump's policies, and Joe Biden is already unwinding those policies and reversing as many as he can by executive order, why are all the stock markets making record highs? To me, that shows you that the stock market couldn't care less about Biden being president, because it didn't matter that Trump was president. This stock market rally that Donald Trump took credit for was not the result of Donald Trump's policies."

Peter has said from the beginning that the stock market wasn't going up because of Donald Trump. And it didn't go up on inauguration day in anticipation of Joe Biden. The stock market is going up because of the Federal
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