Hey Peter Navarro here with the latest podcast in Substack, The Weekly Market Rap,

Here we go.

The Bears reversal Trump's attempted assassination.

Navidia's faint, Powell's bear.

Hey, Peter Navarro here with this week's Economic and Market Roundup for the week ending August 25,

2023.

The four big things that caught my eye this 25th, 2023.

The four big things that caught my eye this week included a strong bearish technical indicators

reversal in the American stock markets, the one-day wonder market action surrounding Navidia earnings,

the juxtaposition of the assassination of Wagner Grouphead Pragotian by Vladimir Putin against the ongoing attempted political assassination of

Donald Trump and four at another bearish turn of the Federal Reserve screws by the worst Fed chairman in history, Jerome Powell.

Let's start with the bearish technical indicator, and as the important teaching point, stock traders on Wall Street use both technical and fundamental analyses to speculate on stocks.

The fundamentalists like to look at bread and butter things like sales and growth and price cost margins.

Technical traders don't see a dime's worth of difference between potato chip companies and computer chip companies.

They just look at chart patterns to forecast trends and trend reversals.

Of course, the very best traders will use both technical and fundamental analysis, but if I had to rely on one or the other, I'd probably choose technical trading.

As a side note, and that's the kind of trading that would

provide the fortune for a guy who would eventually buy the Boston Red Sox and

finally win a World Series. Just saying.

At any rate, as stock market guru Dennis Gartman observed this week in his famous newsletter.

This last Thursday was an historic trading day

as the NASDAQ, the S&P, the Dow, and the Russell indices

...