by Summary:
I see who’s buying now and I get it but the stuff that I look at tells me to be a little bit cautious. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
I see who’s buying now and I get it but the stuff that I look at tells me to be a little bit cautious. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it
Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister
New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice
Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.
| I see who’s buying now and I get it but the stuff that I look at tells me to be a little bit cautious.  |
building cash position…in time, you will be proven right.
I agree with you Mike. I think the zombies went the wrong way with this. I personally sold all positions and will by later. Gold and especially silver I don’t like this move higher.
How's it possible we haven't had a serious recession or a bear market in over 10 years? How is this possible? also inflation cooling down a bit , of course it's cooling down a bit because people have no money… I read all the time stores closing down shutting down closing stores going out of business.. Even Red Lobster is shutting down ..so many little retail stores closing down..
We had bear markets in 2020 and 2022, as well as a recession in 2020. I'd argue that 2022 was the beginning of another recessionary period, despite what the trustworthy government statistics show. For instance, 2 million full time jobs have been lost.
First zero rates and then massive deficits supporting the market.
Hard to have a recession when you have $T’s flowing into the economy…
Me either- I just pulled my money out end of today👍
Thanks for the updates, Mike. If the rally should not be so strong my wish is that it would pull back sooner than later. My 401K is buying at all-time highs so not the best circumstances. It's good to hear though we have strong flows so that should keep the market hopefully on an uptrend or stable for a while.
If your 401k allows to change allocations then you could consider to divert them to a cash reserve and wait for a correction to get back in.
i did this two years ago. :'( @@lmankj
MMT zombies 🧟♂️ are buying like there's no tomorrow
Youve been calling a slowdown going into June for weeks now. Considering this market has been something of a bull trap shows everything may still be playing out as you predicted
I'm usually fully invested so I'm happy when the market goes up regardless of the reason. When the monetarists bring the market down irrationally I take a hit, and when they take it up irrationally I'm happy.
I don't get it!
Great work as always Mike!
I dont see what the problem is. If we know based on flows that narkets will be positive until early June, what else is there to say? Oh, the monetarists are in alignment with the short-term flows? Cool. That sounds even more bullish. Seems they can pump and dump the market significantly on impulse, so if theyre pumping the markets along with the flows, we can see more upside than most probably anticipate, and we should not let such an opportunity pass.
mike, please get some acoustic paneling — lots of echo in your audio…
Take a look at how suspicious the pump on BTC was. Blows my mind nobody thinks it might retrace. And if it doesn't, then TA is dead and anything goes in Murica lol
"don't chase"
I don't, I bank of America.
Not a fan?? These are the markets that MMT builds, man. There's more and more fiscal coming in supporting and advancing inflation. The only way to hedge inflation is to be in the markets which follows inflation – Argentina, Turkey etc. Right Mike??
If it's good now …. wait until fed funds rate goes to 8% and the fiscal spend goes asymptotic from here. All that interest rate moneys flow back into the economy and trillion dollar/quarter fiscal spend will be awesome …. gonna MMT the shit out of this economy. Markets are going to the moon, Alice!!