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Is this the start of a big down move in stocks?

Summary:
Fiscal flows are strong, but benefits cuts are coming. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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Fiscal flows are strong, but benefits cuts are coming.



Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/



Download my podcasts! New one every week. https://www.buzzsprout.com/1105286



Mike Norman Twitter

https://twitter.com/mikenorman



Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

33 comments

  1. Great video! Trading now should be in every wise individual list in some months time you will be ecstatic with the decision you made today

    • I'm from Australian I and my colleagues gave him a try and it has been good returns of our investment, Thanks Mr Gerald vega

    • My first investment with Mr Gerald gave me the assurance that has made me invest without the fear of losing, I got four of my friends involved with him already

    • I've got 12th winning thanks to Mr Gerald he's really the best, I've made £16,400 in 18 days working with him

    • Really y'all know he,s?, I even thought I'm the only one he has helped walk through the fears and falls of trading

    • Yes I can believed that, I got victory with him was so sad after receiving the first pay knowing I invested so low with fear???

  2. "Don't forget to like and subscribe"
    Mike, you ought to ask that in every single one of your videos … should have asked that months ago

  3. Plenty of jobs available nothing wrong with working at McDonald’s instead of sitting home collecting free $$$$$$$.

  4. Job growth is fastest at the bottom end of the scale right now which is evidence (but not proof) that the benefits aren't keeping people from working.

  5. Last time I checked Drunkenmiller and Guuundla were still billionaires, so maybe they know bit about investing

  6. Finance & Economics

    Why would a big down move in stocks be a bad thing?

    • Mike is saying that a temporary irrational down move is good news, a buy opportunity, while a bear market brought on by fundamentals like fiscal is something else.

  7. If people are forced into work then they'll have to buy gas to go to work everyday. Gas consumption may increase but it'll eat into any discretionary money they may have, further reducing spending.

  8. I bought some gold today

  9. I bought the dip and found out it’s a 7 layer dip

  10. Cutting benefits too early its a dumb move it will mess with the flows

  11. The nice thing about living in the country is when nobody really knows what day it is, we just vote on it

  12. Great work Mike!!!!!!!

  13. I've been bullish on gold stocks ever since I sold most of my positions.

    • Get back in, still early

    • Hi Lynda, I may buy lower. But, right now I am only holding onto royalty stocks in gold. I exited all mining positions until direction from here is confirmed. I only hold physical gold and silver long term. Peace

  14. who bought the US treasury bonds the Fed or indirect bidders?

  15. forebearance of mortgage payments ends June 30, maybe congress will extend, 40 million student loans have to start paying Oct 1 unless congress extends forebearance. zombie price discovery

  16. Get the bigger picture and join the pitbull team!!! Wooof!

  17. Your thoughts are lining up with the market. SPY seasonality shows a dip tomorrow and CPI numbers are the catalyst for it. WeIl done. The benefit cuts part you were talking about lines up really well with the huge correction we’ll see June 15-23 ish area. That catalyst being FOMC meeting, Biden and Putin talking, and benefit cuts.

  18. right its gonna be bad with the benefits cut out.. all these places done overpaid for material and they not gonna cut prices and take sale loss.

  19. Michael has become quit fearful in the past 10 days.

  20. Trump won

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