Hey Peter Navarro here with the latest podcast and Substag, buckle up baby.

A short story, America's stock market in the eye of the hurricane.

Hi, Peter Navarro here with our weekly Economy and Market Rap for the week ending September 15,

2023, and things are getting more interesting every day.

For much of the last week, it looked like a pretty nice little bounce back for the Bulls

after last week's losses. I watched this action with particular dismay as the

bearish financial news of the week simply did not support any bullish

sentiment whatsoever. It's like we were in the eye of the did not indicating not only that inflation was heading back up again after some months of respite,

but was also likely to lock in for the longer term.

Something that yours truly has been warning about for some time.

Now if you play the short side of the market in times like these,

note I don't recommend it for most folks because market movements happen far more quickly on the short

side and it is far easier to get burned, but if you do you have to have steely resolve when you see

bullish moves like those in the earlier part of last week to hold on to your

convictions. Friday, however, the Shortside got redemption, a mini Black Friday and now for four out of the last

five weeks has been a Bears lunch on Wall Street.

It was indeed a steep little dive on Friday,

and by the end of the week, the NASDAQ fell by 1.56 percent. Well, the S&P 500 fell by 1.56% well the S&P 500 fell by 1.22%. Of course if you were an

investor holding SDXU, a triple short exchange traded Fund for the S&P 500 I've been talking about, that was a nice little game.

Again, however, I don't recommend this kind of play, and I'm not giving stock market advice here,

I'm just trying to explain to you how the game on Wall Street is played.

To wit, rather than go on margin to bet big and face a possible margin call in total bankruptcy, like in the old days, these leveraged instruments allow investors to satisfy their appetites

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