Tuesday , May 28 2024
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Heading out to the desert.

Summary:
Heading out to go camping in the desert for two days of R&R. Here’s a market update.

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Heading out to go camping in the desert for two days of R&R. Here’s a market update.
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.

9 comments

  1. Social security payment was today

    • Mike Norman MMT Economics

      Sometimes a day or two lag on market reaction, but we still have to recover quite a bit from that drain so one Social Security payment is not gonna do it. It’s just the beginning.

  2. You still bearish on gold?

    • Mike Norman MMT Economics

      I’m surprised it went this high, although producers were buying last week so they saw higher levels. I’m curious to see what their positioning is when we see the CFTC commitments report on Friday.

  3. Mike I saw this on a podcast called The Compound.

    On Jan. 8th 1835 Andrew Jackson achieves his goal of paying off the entire United States national debt. It was the only time in US history that the national debt stood at zero. It precipitated one of the worst financial crisis in American history. It lasted for several years.

  4. Home Youtube Channel

    Enjoy your camping trip

  5. Enjoy your trip brotha!

  6. Great video

  7. Lines on charts are a type of visual math. The point is to help retail investors spot where and when institutional money is moving so we can hitch a ride. I like your approach better. More actual math, less superstition 🙂

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