'Ultimate crash': Peter Schiff calls US stocks a 'ticking time bomb' — but is he right? Protect your wealth now

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In April 2026, the economist and longtime contrarian investor told TheStreet that investors were ignoring major risks as stocks climbed to fresh all-time highs — and warned that the U.S. market could be setting itself up for a painful reckoning (1).

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"I think investors have gotten a lot of things wrong, but that hasn't stopped the market from going up," Schiff said in the interview. "The majority of investors don't understand the fundamentals. And they buy stocks anyway."

So, months after Schiff issued that warning, has the market proved him right?

Not exactly. U.S. stocks have continued to climb since Schiff made his comments, even as some of the risks he highlighted — including high valuations, inflation and the country's growing debt burden — remain in focus.