But in his podcast, Peter Schiff argued that coronavirus isn't the problem. COVID-19 isn't making the economy sick. All of the Federal Reserve stimulus and money printing is making the economy ill. And coronavirus vaccine isn't going to make it well.
Peter said he recently read an article saying that hedge funds have never been more net-long in history as they are right now.
So the guys that run the hedge funds, supposedly the smartest people in the room, have never been more optimistic and more bullish, and they are just long. So, in other words, hedge funds have never been less hedged than they are today. So, they're really not hedge funds at all, they are risk funds. And when everybody is loaded up on one side of the trade, there's a pretty good indication that the markets are getting ready to move in the other direction."