Mike Norman Economics
Fiscal transfers are peaking for this cycle. Fading support for the market.
Read More »$10 bln drain yesterday with more to come.
I was a little surprised by today’s rally until…
I saw that leading spending flows last week $200 billion. That’s why. 
Read More »Selloff today was totally understandable
Fiscal flows have peaked. Defensive period coming for the market.
Read More »Fiscal flows have peaked.
Market will be under pressure until November.
Read More »Why is Janet Yellen arguing??
She should just ignore or laugh at the Fitch rating downgrade.
Read More »US credit rating downgraded by Fitch.
Another dumb, ignorant move by 1 of the 3 rating agencies.
Read More »End of month. Solid. Here’s what’s coming.
Correction highly likely but big picture remains bullish.
Read More »Did stocks just top out?
Heading into that. We’re fiscal flows peak. Is this a stock market peak as well?
Read More »Fed raises rates again, adding to inflation.
Same flawed orthodoxy. Nothing learned.
Read More »Be a mariner on the open seas
One who is confident and certain of where he/she is heading.
Read More »