‘Ticking time bomb’: Peter Schiff issues stark warning over US stock market — and the ‘ultimate crash’ is near

Peter Schiff warns that the U.S. equity rally — led by the S&P 500 hitting fresh highs — is built on weak fundamentals and risks a severe reckoning. He argues stretched valuations, rising sovereign debt (near $39 trillion) and fraying foreign demand for Treasuries could trigger a dollar and sovereign-debt crisis that would hit both stocks and long-duration bonds. Schiff highlights elevated long-term yields (30-year ~5%) and flags long-Treasury exposure (TLT) and leveraged corporate positions (MicroStrategy) as vulnerable. He recommends hedges such as gold and silver and urges profit-taking and diversification. The commentary raises downside risk for U.S. equities and long-duration fixed income, while fueling demand for safe-haven assets — a signal for investors to reassess allocations amid elevated recession and refinancing risks.