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It’s tax drain time. Get ready for rough conditions.

Summary:
There’s a reason why the old adage on Wall Street is “Sell in May and go away.” It’s because financial balances are drained I April by taxes.

Topics:
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There’s a reason why the old adage on Wall Street is “Sell in May and go away.” It’s because financial balances are drained I April by taxes.
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.

15 comments

  1. Trump didn't pay taxes.

  2. Biden has already given Ukraine too much. He won't let the debt ceiling get in the way.

  3. Obama vetoed repulican congress attempt to raise debt ceiling, Grid lock back then markets dumped.

  4. military spending not all bad, the internet came from military spending.

  5. Elon musk has an AI system that he claims beats the market.

  6. Our military is what gets us respect.

  7. Hey Mike when a door closes on the chapter in your life a new door opens. Keep that spark please.

  8. Michael de Sousa Cruz

    Congress isn’t bought. It’s the other way round. Congress does the buying. Corporations are agents of the Government. Anyways, Defense Investment is how we develop new technology, it’s how we are communicating right now through previous Defense Investment.

  9. AmazianLinsation82

    Hangin there Champ

  10. wow Mike, you are beast at 66. keep up good work !!!

  11. 💙👁

  12. Just put a hedge on ..simple. just put an on-stop sell if you think the market will crash the buy more at a lower price.

  13. Mike, love your channel but you are wrong a lot. You are someone to listen too but I wouldn't put much stock in anything you say. You were bullish right at the top last year and when all the signs were flashing Red (e.g. War in Ukraine, Fed tightening) you kept telling your followers to buy.

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