Bears in America, Tunnel Rats in Gaza, and the Speaker That Wasn’t

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Hi. Peter Navarro here with this week’s economy and market rap for the week ending October 20, 2023.  Recall that after a bullish reversal two weeks ago of the S&P500, I warned off any short sale warriors and indicated instead that a cash position earning 5% in short term instruments may well be the optimal position.  Recall further that Hamas stuck a thousand missiles in that infant bull and now the risk is clearly once again to the bearish downside in U.S. markets – the S&P indeed had a bad week this week.

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