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Hi. Peter Navarro here with this week’s stock market wrap for the week ending December 8, 2023. The market remains a gambler’s roulette wheel rather than an intelligent speculator’s poker game.
Bulls on the long side continue to bet on a soft landing propelled by a series of rate cuts by the Fed come the new year. They remain heartened by the continued, albeit slowing, move up of the markets – the S&P eked out a small gain for the week.
Bears on the short side, like me I might add, see all manner of hazards that must inevitably, and sooner rather than later, catch up with Wall Street – persistently high inflation, equally persistent high interest rates that are slowly choking off interest rate sensitive sectors like autos and housing, a looming fiscal cliff, geopolitical hazards ranging from the Red Sea and Persian Gulf to the Straits of Taiwan, and so it goes.
LISTEN FOR THE REST OF THE STORY. AND PLEASE WRITE A REVIEW AND SHARE WITH A FRIEND
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READ THE TRANSCRIPT AT HTTP://PETERNAVARRO.SUBSTACK.COM
Hi. Peter Navarro here with this week’s stock market wrap for the week ending December 8, 2023. The market remains a gambler’s roulette wheel rather than an intelligent speculator’s poker game.
Bulls on the long side continue to bet on a soft landing propelled by a series of rate cuts by the Fed come the new year. They remain heartened by the continued, albeit slowing, move up of the markets – the S&P eked out a small gain for the week.
Bears on the short side, like me I might add, see all manner of hazards that must inevitably, and sooner rather than later, catch up with Wall Street – persistently high inflation, equally persistent high interest rates that are slowly choking off interest rate sensitive sectors like autos and housing, a looming fiscal cliff, geopolitical hazards ranging from the Red Sea and Persian Gulf to the Straits of Taiwan, and so it goes.
LISTEN FOR THE REST OF THE STORY. AND PLEASE WRITE A REVIEW AND SHARE WITH A FRIEND
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