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Hi.  Peter Navarro here with this week’s market rap for the week ending November 24, 2023.

The US stock market took another quizzical leg up, with the S&P 500 rising 2.2% for the week and up a total of 7.6% for what has been described as a “red hot” November. 

This current rally has indeed defied the expectations of most stock market analysts, and the question remains, where does the market go from here?

In thinking about why the market has been moving up despite all the signs of a rapidly slowing economy, one possible explanation may be that of the dynamics of what is called “asset allocation.”

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