Peter Navarro: ‘I Can Guarantee You’ Dow Will Hit 50,000 During Trump’s Second Term

RUSH EXCERPT:

NAVARRO: "It‘s really great to be back with you after many years. We talked a lot during the first term with respect to the markets. Look, it‘s been an orderly retreat, as it were. We‘re in a situation where we‘re simply rebalancing and restructuring. I can guarantee you that the market will find its bottom, that we will have the dow hit 50,000 easily during the Trump second term, and that the S&P 500, which is 500 companies, will have a very broad based recovery. And it will involve many, many companies. The Biden market went up for the S&P 500, but 90% or so of the gains for the S&P 500 was only the magnificent seven. Stocks. And about 80% of the stocks in the S&P 500. We‘re simply stagnating or going up a little 50,000 on the dow. To put that in perspective, that‘s only about 5% a year. So it‘s not not that unattainable. So people need to just simply observe what‘s going on now, not get panicked by the media and understand that‘s what‘s going to happen, is that the stocks that are going to be the winners, as we move forward, are those who are going to be the domestic manufacturers who make stuff here.”