You are listening to Peter Navarro's taking back Trump's America podcast brought to you by Dr. Mark and Michelle Sherwood

Dr. Mark and Michelle Sherwood are well-known experts in teaching you how to reverse and avoid common disease processes and to

live optimally in an unhealthy world.

Reach out to them, set up your own consult and start utilizing

their amazing products today at Sherwood. TV.

Peter Navarro's Weekly Market Rap June 2nd, 2023.

Hi, Peter Navarro here with this week's economic and market wrap.

Both a deal on the debt limit and a Friday's job report helps spark a market rally. And the broad market standard and pours 500 index closed

above 4200 breaking a key resistance level meanwhile the NASDAQ is up for five straight weeks on an absolutely white-hot artificial

intelligence boom.

It's easy to see why investors looked at the debt limit deal as bullish, at least in the short run.

The Biden overspending represents trillions of dollars that will course through the veins of

the U.S. economy and stimulate growth.

The problem, however, as I have explained,

is that these expenditures are creating demand

pull inflation, too much money chasing too few goods, which may well prove impossible to tame.

This will lead the Federal Reserve to continue to increase interest rates,

making the net forecast decidedly bearish.

Here it is useful to note that home mortgage rates continue to rise along with interest on credit card debt.

No good can come of that. As for Friday's jobs report, payroll

surged by 339,000 jobs versus the expected 195,000 jobs, and the gains were widespread.

Black men, however, have seen their fortunes fall over the past several months.

...