An orderly decline amidst the Baidnomics disorder.

Hi, Peter Navarro here with the weekly Economy and Market

Rapp for the week ending September 30th, 2023.

And let's start with a little squib from my market wrap from my sub-stack dated August 12,

2023 some six weeks ago.

As I wrote then, quote, my bottom line is that cash remains king with cash

now earning a nice 5% in, for example, six month tea bills. If however you want to walk a little

bit on the wild side, not offering advice here. A good speculation, not bet, might

be SPXU, a three times leveraged exchange-traded fund that

shorts the S&P 500. The Biden bear is coming, it's only a matter of time.

Unquote. Since that time, cash has indeed been, if not king, and certainly a safer place to be than in the U.S. stock market.

And all but one of the weeks since then to be than in the US stock market.

And all but one of the weeks since then, the S&P 500 index,

broadest indicator of the market, has declined

while the SPXU triple short has risen from $10.65 to $11.95 today, a roughly 12% gain.

At least one stock market analyst from Datat Trek, Nicholas Kola,

has described the sell-off as orderly, a tribulian decline to a, quote,

confluence of factors such as rising interest rates of strengthening US dollar, soaring oil prices, and concerns about a potential government shutdown.

Unquote.

What comes out of Kolas's mouth next, however, seems like a major non-secretary.

Colas equates the orderly decline with a move, quote, not indicative of a looming financial crisis unquote

really this dude even suggests a buying opportunity in a not too distant future

...