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Peter Schiff says SpaceX is a warning for hyped stocks
['Tobi Opeyemi Amure', 'July', 'Min Read']
Yahoo Finance
Stories are how money gets moved.
They are also how money gets lost.
Shares of SpaceX (SPCX) have surrendered every post-debut gain, and economist Peter Schiff just used that collapse to send an uncomfortable message about the rest of your portfolio.
Peter Schiff turns the SpaceX selloff into a broader market warningSpaceX closed at $115.26 on July 22, down 6.7% on the session and roughly 49% below its record high, according to Seeking Alpha.
Schiff, chief economist and global strategist at Euro Pacific Asset Management, did not treat that as a SpaceX problem.