Thursday , September 19 2024
Home / Video / Powell delivers what the market wanted.

Powell delivers what the market wanted.

Summary:
The rate cut panacea just got more fuel. 

Topics:
Mike Norman considers the following as important:

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The rate cut panacea just got more fuel. 
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.

28 comments

  1. As usual, you called it! Financial Nostradamus

  2. Looking good Mike

  3. Thanks for the updates, Mike.

  4. Feed the monetarist market zombies.

  5. @punch_bowl_turd3005

    the slow patient turtle always wins

  6. Google AI: Showing results for will lowering the interest rates rally the stock market?

    Search instead for will lowring the intrest rates rally the stock market?

    Rate cuts also historically cause stocks to rally, though unusually strong recent market performance—even amid high rates—may make such a rally less likely.11 hours ago

  7. They can talk and talk and talk. But until it actually happens market will decline on rate cuts not happening because they will argue that is what has caused stock prices in the first place expectation of rate cuts.

  8. @SpencerSaunders0

    How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards

  9. Thanks Mike

  10. I'm new to all of this. What is a interest income transfer?

  11. @user-it1mc3nq7h

    ❤👁

  12. @therealcool1144

    Now they're buying and buying, I'm selling/shorting.

  13. @jellebrinkhuis4004

    No short at 5360 anymore?

    • @barrymcbrush5452

      If it wasn't the end of macro market cycle which usually creates an insane blow off top, 5360 is the most prudent level to expect the S&P to top out and correct with the current available data in the MMT Reports. However, with the highly bullish sentiment and monetaristic euphoria in this current environment accompanied with the ending of decades long market cyce, we could see 5800 – 6100 S&P by mid October. If you're thinking about going short or already have you better be prepared to have some serious MENTAL GAME accompanied with stone cold Patience. Just saying. Peace

  14. @financeeconomics1057

    It's a self fulfilling prophecy effect. So many people believe that rate cuts will boost stocks, that it will probably result in a higher stock market regardless of valuations.

  15. Thank you

  16. In other words go against the trend?

  17. At what point will Mike say he might have been wrong from 2 weeks ago?

  18. We'll be in a recxession because money growth has collapsed and the ponzo scheme debt based economy cant sustain itself without the printing press. Exponential functions always end at 0/infinity.

  19. @barrymcbrush5452

    Great video Mike! Looking good brotha!

  20. Mike is bearish stocks when the Fed is hiking rates (Sep-Dec 2018) and bearish when the Fed is cutting rates : Sept 2024.

    • I just went back and looked at my reports from Sep, Oct. Nov, Dec 2018, and there is nothing in there about me saying rate hikes are bearish. In fact, I never even mentioned rates. I said fiscal was accelerating and the selloff would not last. Secondly, while you took the time to critique me (wrongly) and falsely tried to paint me as some kind of perma-bear, ignored all the bullish calls I made, at times when everyone was universally bearish. I still get "thank you's" from subscribers for that.

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