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Was that it for the rally?

The November fiscal spike has ended. What can we expect now? Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. Mike Norman Twitter Mike Norman Economics: Understanding the Daily Treasury Statement video course.

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The November fiscal spike has ended. What can we expect now?

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

Mike Norman Twitter

Mike Norman Economics:

Understanding the Daily Treasury Statement video course.
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.


  1. will the IRS ever go after '10% for the big guy'?

  2. Kino Casino VIP Fanboy

    Mike as a new investor something scared me today and I would like you or others more experienced (than me) in the market to comment on this.
    I've heard that pension funds usually sell off large amounts of stocks at the end of the year and that that might mark this years bear market bottom (suggesting that it would put a new low then).

    What is your opinion on this? Is such a annual selloff something to worry about or it depends?

  3. I don't see anyone talking about buisnesses, markets, economy and government like you do, and you're right: people are extremely delusional with everything nowadays, the words aren't used correctly, things are exaggerated or ignored, everything is extreme and there is a lack of nuance in perceptions of people. It's all sensationalism and low IQ reasoning. Very annoying.

  4. what a joke up down see saw hee haw pheening pheens of addiction gambles

  5. Their reason for a debt ceiling is so that crazy politicians can't convince people to have crazy budgets for idiotic bills just like right now. It's not due to gold-standard approach or old thinking, but a stop sign for insane politics.
    Imo I don't know how removing that ceiling could make things better, because it's not a problem of financing and accounting, but a problem of how corrupted a political system responsible of those things can be.

  6. Mikey !!!!!!

  7. For those who think taxes fund the federal government. Watch Charlie Wilson's War there is never a mention of how you going to pay for this Charlie. The half a billion or the billion dollars or so that was appropriated so the Afghans could fight the Russians. Never in this film will you hear anyone say well Charlie we got to wait for tax dollars to come in before we can appropriate the money never. When Richard fold was begging Hank Paulson to bail out Lehman Brothers. Come on Hank you've got the kind of money you can't run out of. When Ronald Reagan assumed office as president. The top marginal tax rate was 75%, they took it down to 28% did the government get laid off folks. Did they lay off the military no as a matter of fact Reagan increased military spending by a lot. A cash strapped desperate for money government wouldn't give anyone a tax return. Wouldn't give anyone a tax deduction. Wouldn't give any group of people a huge tax cut. This should be as obvious as the nose on your face learn mmt please

  8. I was listening to the ALLINPODCAST the other day, and there was some chatter about MMT. Recommend giving it a listen, it wasn't on the positive side.

  9. Do they really believe all that austerity crap or is it just some meme they have to perpetuate to keep the masses in check ??

  10. Honest question, then why we have to pay taxes if the government can print unlimited money? Can you make a video to explain the use of taxes? Thanks

  11. People are saving more. Risk free nearly 5%. That’s a huge amount of drain out of the market. I don’t see a huge boom on the horizon. Probably choppy into 2024

  12. any comments on ftx?

  13. You'll be happy to hear that the reports of the IRS hiring 89000 new agents are false, and any increased audits will only affect those on income of $400k+ (if the fact checking websites are to be believed). Agree with absolutely everything else you said. Good job, Mike. If only these politicians would listen to you!

  14. Mike, the link to your DTS course still doesn't work. The page looks really scamy, like it might contain malware.

  15. How interesting that these fiscal flows correlate with SPY's technical analysis. A true miracle of nature…

  16. It's a satanic occult belief system. And they know exactly what they are doing. And they do it on purpose.

  17. Guess who those new IRS agents are going to go after. It sure the hell isn't going to be rich people. Austerity is murder.

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