Thursday , March 28 2024
Home / Video / I was surprised by the last 2 days’ pullback.

I was surprised by the last 2 days’ pullback.

Summary:
Here's why. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

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Here's why.



Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader.

https://www.mmteconomics.com/



Mike Norman Twitter

https://twitter.com/mikenorman



Mike Norman Economics: https://mikenormaneconomics.blogspot.com/



Understanding the Daily Treasury Statement video course.

https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes
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.

24 comments

  1. Go Sportsball!

  2. Mike, you are dialed into the stock market in 2023.

  3. I understand pushing yourself like trying to better your marathon time or something like that, but I have zero desire to put myself in an unpredictable, uncomfortable, and potentially risky situation.

  4. Hey Mike, is it not possible for the short term peak in fiscal to be closer to around March 15?

    Won’t the US gov be sending out large checks soon for early tax filers that had large losses last year and over payments on tax instalments as well?

    2022 was a record tax collection year, so would it really be a surprise if 2023 was a record tax refund year? If this happens, could the debt ceiling be potentially hit much sooner than June?

  5. I'm not a Eagle fan But I think they will win. Patrick Mahomes ankle injury will cost him the game. Patrick Passes been off. Last week they lucked out beating the Bengles. It was close.

  6. I’m pulling for KC but I gotta say in my gut I think Philly’s unbeatable.

    Anyway, fiscal flows seem to take a few days to manifest in the market.

    Can go either way. If there’s a big influx of fiscal but some bad earnings reports or unfavorable remarks by someone at the fed it could make the bump up take a few days to show. But, increases in fiscal always mean upward trends in the markets if the swimming pool levels are above nominal levels YoY. Same goes for pull backs.

    Thank you Mike for the understanding!

  7. Geo political issues are massive!

  8. Finance & Economics

    Go eagles 🦅!

    Honestly I don't care who wins, I'm a Raiders fan. Don't like the Chiefs.

    I'm still going with the Eagles in a convincing victory.

  9. Finance & Economics

    You should do a pre-Super Bowl special video.

  10. Hoping the Chiefs!

  11. Finance & Economics

    Accumulate good assets is good advice!

  12. what u think about the whole carl ichan putt buying ?

  13. Kino Casino VIP Fanboy

    You have changed my life, Mike. Thank you.

  14. Travelling Charles

    Chiefs win this.

  15. when the underlying fundamentals are shit and drug pheening hypnotized morons are basically gambling not trading, this is what you get

  16. Try roasting Ethiopian coffee beans, you'll like. Start with their best Gedo. Ethiopia is considered the birthplace of coffee.

    • Mike Norman MMT Economics

      I do. I do all the time. Just got a new delivery of Ethiopian Sidamo.

    • @Mike Norman MMT Economics I discovered Ethiopian coffee by accident. I stopped going to Starbucks, ugh coffee. Went to a Balducci store behind me in McLean for coffee in the morning. No hype not many folk. Most were Embassy types and high security, and Pentagon Generals etc I went up to get a second cup and told the clerk I shouldn't have to pay for this second cup it's lousy. As you say negoiate. She passed me thru no charge and requested I go complain to the coffee maker, and tell them brew the Ethiopian brand in store. Found out later she was from Ethiopia.
      P.S. for the next few days going there , she did not ring up my coffee, she thanked me to change what they served.

  17. You and I both love the car buying process—I also love the negotiation!

  18. Who are you doing the course with? I took whitewater guide training in that area around 12 years ago or so. Same time of year.

  19. Mike I found another coffee from Kenya at a high altitude. Volcanica.

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