Hey, Peter Navarro here with this week's Economy and Market Rap.

You'll see in this episode I introduced some key concepts in finance, like the discount rate,

and something called consumption smoothing.

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And here we go with this post. An Epicurean lip for today, for tomorrow we die economy and market.

It was a bullish weed for economic news and a mildly bullish weed for both stocks and bonds.

On Monday durable goods unexpectedly rose for the third month in a row

to 1.7% on strong demand for aircraft and new autos. Analysts had forecast an almost 1% decline.

On Tuesday, new home sale surge, likewise for the third month in a row,

with an increase the highest since February of 2022, this despite a

continued increase in mortgage rates.

On this same day, consumer confidence hit a 17-month high to 110, yet it's still off the pre-Pandemic

2020 high above 130.

A caution here, the future's expectations index is still signaling a

coming recession. Well Thursday it was more bullish news while real GDP growth was supposed to begin slowing sharply as higher interest

rates take their bite, an upward revision to 2 percent, with signs of a continued expansion please the markets.

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