The Fed Fix Is In, The Deep Financial State Unmasked

Peter Navarro’s Taking Back Trump’s America

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Hi. Peter Navarro here with this week’s market and economy rap for the week ending December 15, 2023. Here, the old Wild West expression “Katie, bar the door” comes to mind as the S&P 500 once again finished up for the week – with a little give back on Thursday and Friday.

Technicians look at the breach of 4,600 on the S&P 500 as blowing through a key resistance level and thus paving the way for a sustained run up. Yet, in the short term, the stock market is technically in an overbought condition, signaling a possible pull back.

There is also this: Virtually all the bears on Wall Street have turned tail and closed their short positions. So where might the money come from for that next bullish leg up?

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