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This Time the Biden Bear Is Really Here

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Manage episode 381267614 series 3012803
Kandungan disediakan oleh InTrumpTimePress. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh InTrumpTimePress atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

READ THE TRANSCRIPT AT HTTP://PETERNAVARRO.SUBSTACK.COM

PLEASE WRITE A REVIEW!

Hi. Peter Navarro here with this week’s market rap for the week ending October 27, 2023, and recall now that since mid-July, I’ve been warning that cash is king in a stock market in which I clearly feared a bearish trend might develop.

I made this call at the time despite abundant evidence to the contrary as the market was exerting bullish tendencies. Yet, I saw a long list of problems piling up that I believed would soon turn any bullish sentiment into a bear market rout.

For example, here’s a quote from my July 14th, 2023, substack which maintained a recommendation of cash over equities despite what was a very bullish week. Here’s what I wrote:

“It was indeed a very good week for the bulls. From a purely technical trading perspective, the market trend is clearly up; and on this technical signal alone, US markets, along with markets around the world, are likely to see more green than red days, at least for a while. That said, I remain wary and see lower risk generating income in short term treasuries than rolling the stock dice.”

Then, on August 12, 2023, I wrote as the market trend was indeed beginning to turn:

My bottom line is that cash remains king – with “cash” now earning a nice 5% in, for example, six-month T-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 3X leveraged exchange trade fund that shorts the S&P 500. The Biden bear is coming; it’s only a matter of time.

In the category of “I hate it sometimes when I’m right as I don’t want good American citizens to lose their shirts in the stock market, it would turn out July 31 would mark the abrupt end of the short-term Biden bull. As this 12-month chart below indicates, the S&P 500 peaked on July 31, 2023 at almost 4,600.

  continue reading

140 episod

Artwork
iconKongsi
 
Manage episode 381267614 series 3012803
Kandungan disediakan oleh InTrumpTimePress. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh InTrumpTimePress atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.

READ THE TRANSCRIPT AT HTTP://PETERNAVARRO.SUBSTACK.COM

PLEASE WRITE A REVIEW!

Hi. Peter Navarro here with this week’s market rap for the week ending October 27, 2023, and recall now that since mid-July, I’ve been warning that cash is king in a stock market in which I clearly feared a bearish trend might develop.

I made this call at the time despite abundant evidence to the contrary as the market was exerting bullish tendencies. Yet, I saw a long list of problems piling up that I believed would soon turn any bullish sentiment into a bear market rout.

For example, here’s a quote from my July 14th, 2023, substack which maintained a recommendation of cash over equities despite what was a very bullish week. Here’s what I wrote:

“It was indeed a very good week for the bulls. From a purely technical trading perspective, the market trend is clearly up; and on this technical signal alone, US markets, along with markets around the world, are likely to see more green than red days, at least for a while. That said, I remain wary and see lower risk generating income in short term treasuries than rolling the stock dice.”

Then, on August 12, 2023, I wrote as the market trend was indeed beginning to turn:

My bottom line is that cash remains king – with “cash” now earning a nice 5% in, for example, six-month T-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 3X leveraged exchange trade fund that shorts the S&P 500. The Biden bear is coming; it’s only a matter of time.

In the category of “I hate it sometimes when I’m right as I don’t want good American citizens to lose their shirts in the stock market, it would turn out July 31 would mark the abrupt end of the short-term Biden bull. As this 12-month chart below indicates, the S&P 500 peaked on July 31, 2023 at almost 4,600.

  continue reading

140 episod

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