A recession might be lurking.
"Soon we will be back in recession -- a recession is coming," Peter Schiff, CEO of Euro Pacific Capital told TheStreet.
"We've had a huge move up since the election of Trump even though prior to the election the expectation was if Trump won it [would be a disaster for markets]," he said.
When asked if the two straight quarters of double-digit earnings growth has sparked the rally in stocks this year, as opposed to solely Trump, Schiff pointed to earnings headwinds in the retail sector.
The S&P 500 is hovering around all-time highs -- no fear out there on Wall Street, yet.
Watch the full interview with Peter Schiff:
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