A Bearish Reversal, Trump’s Attempted Assassination, NVIDIA’s Feint, Powell’s Bear
Hey. Peter Navarro here with this week’s economic and market roundup for the week ending August 25, 2023.
The four big things that caught my eye this week included a strong bearish “technical indicators” reversal in the American stock markets, the one day wonder market action surrounding Nvidia earnings, the juxtaposition of the assassination of Wagner group head Prigozhin by Vladimir Putin against the ongoing attempted political assassination of Donald Trump, and yet another bearish turn of the Federal Reserve screws by the worst Fed chairman in history, Jerome Powell.
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