Navarro’s Bulls vs. Bears Weekly Market Wrap

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Hi. I’m Peter Navarro and in this edition of my Taking Back Trump’s America podcast and substack, we’ll do an economics and market wrap for the week ending May 11, 2023.

The only real mildly market-moving event of the week was the April release of two inflation reports that showed a moderating of inflation.

The overall annual Consumer Price Index came down to 4.9% while core inflation was 5.5% – core inflation measures the inflation rate without food and energy prices.

Both the stock and bond market reacted positively to this mildly BULLISH news as the general consensus is that there is a low likelihood that the Federal Reserve will be raising rates at its next meeting in June.

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