by Summary:
Should see a market pullback mid-next-week. Everyone will blame the Fed, but the real reason is another big liquidity drain from quarterly corporate tax payments. After that, it's straight up until mid-September. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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Should see a market pullback mid-next-week. Everyone will blame the Fed, but the real reason is another big liquidity drain from quarterly corporate tax payments. After that, it's straight up until mid-September. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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| Should see a market pullback mid-next-week. Everyone will blame the Fed, but the real reason is another big liquidity drain from quarterly corporate tax payments. After that, it's straight up until mid-September. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ |
Priced in since January 😆
Mike Norman and Jeff Snider are the only two people that understand the economy and monetary system.
If it is based on quarterly profits there is possible it is less than 70 billion if that was from 2021 where record profits .. earnings are lower this quarter
How many percent of your viewers are female?
Thanks for explaining. I’m new
What are you buying into exactly? Specific stocks, ETFs, or ….?
so what if the bank's repo desk are busier than normal, doesnt affect so why make mention? the banks are in a primary dealer position for a reason, this is one of them – right? what am i missing please advise Mike. thanks
The fed raises to what the 2 yr treasury rate is. There's no thinking going on behind those doors. If the 2 yr treasury rate is higher they raise to that level. If it drops they start cutting.
Imo market has further to drop, Mike is essentially a perma bull. I think the only way he is right is if the Fed goes loose and I think the narrative for that still isnt there yet. Even when they pivot it might be too little too late if the market sees inflation still being a problem. Not sure how the Fed threads this needle but I know the mkt doesnt like FUD so it's extremely hard to be bullish. And look at the charts, they appear to be turning over imho
one more leg down then we're in for a huge short squeeze imo.. resistance at 200dMA will determine if this is a bear market
bro don't set up your subscribers for the big fail coming
Thanks Mike! Appreciate you!
Yeah, there is too much gloom and doom out there. I have seen a few crashes in my life time and all happened out of the blue when everyone was optimistic and forecasting extraordinary economy growth. As there's lots of people predicting recession, it's certainly not what will happen.
Until it does…….
Sounds like the fed needs to be abolished.
Mike it looks like you took my suggestion after you fell running to get your eyes checked. Good. When I lived in Manhattan working at EF Hutton, but from a Southern town, I learned there how to use the fu*k word which is constant word in NYC.
I hope he's right … I am underwater
Michael has been bullish since we were in 4,800 sp. He has been wrong all year long. He has missed a whole leg downwards. He is still wrong. We are getting lower. In today's new episode he will say ' flows have been tight today', he will be saying 'i am not a trader' although he makes calls every day, he will be saying 'I am a macroeconomist' although he has no understanding of inflation and recessionary trends. He will be staying 'higher interest rates are more income for banks' although he does not realise that higher rates increases NPLs and loan write offs and thus losses to a greater degree. Above all, he does not realise that a second military conflicts is about to break out in southern Europe….
You could be right. You could also be wrong. It is irresponsible of you to imply otherwise with titles that include the words "last chance".