Monday , April 21 2025
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$255 bln tax drain so far this month.

Summary:
I still think the market is holding up well in spite. Looks like early to mid-May as the beginning of a rebound. But there's still the debt ceiling to worry about.

Topics:
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I still think the market is holding up well in spite. Looks like early to mid-May as the beginning of a rebound. But there's still the debt ceiling to worry about.
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.

15 comments

  1. I don’t think they will fix debt ceiling. They are not even talking about it. That is always a bad sign

  2. Mike, this economics video talks about your perspectives on fiscal policy in regards to Israels prior hyperinflationary problem

    https://youtu.be/bnvj1-3hIoo

  3. darren delahunty

    Brilliant round up of the fiscals?

  4. darren delahunty

    Debt sealing is a serious phase …keep us up 2 date Mike…..cud b amazing opportunity time for entering the market ???

  5. excellent

  6. Thanks for the update Mike!

  7. Looks like you are spot on orderly correction until it isnt.

  8. Thankx man

  9. Mike Norman thank you for all that you do man, You are the best

  10. Mike should be at 1 million subs EASILY

  11. True you said it! You warned it. Even as we were getting green candles.
    Hat tip on that one!

  12. Thx, keeping $ on the sideline.

  13. Can you explaine why the govt spending is the U.S. gdp

  14. You did call it Mike. Only one I heard calling it too

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