Wednesday , July 3 2024
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Things are about to get more difficult.

Summary:
With bullish sentiment increasing the low hanging fruit is disappearing and correction risk rises. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman

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With bullish sentiment increasing the low hanging fruit is disappearing and correction risk rises.



Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/



Download my podcasts! New one every week. https://www.buzzsprout.com/1105286



Mike Norman Twitter

https://twitter.com/mikenorman
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.

32 comments

  1. Thanks Mike! Love your channel. 4 months exp trader listens to 40 yrs exp trader, how bout that? 🙂 Im glad I got to discover your channel

  2. good call ??, but Mike if u get it right all the time why ain't u a Billionaire living in the Hamptons ??

    • For argument's sake let's assume I'm broke; that I have no money. Does that invalidate the information and insight I share? If that's what concerns you–my personal status–then you are a fool because you are throwing away things that could possibly help you–information, knowledge, someone's experience–just so you can get some kicks out of being critical and negative. That's really ignorant and stupid. And I do make money off ignorance and stupidity. Just so you know.

    • @Larry And Larry, wherever you are…FUCK YOU, TOO!

    • @Michael Norman haha you tell em!

    • garyseeseverything

      Did you know many billionaires made it by fraud? Elon musk fired the starting men at Tesla, Steve Jobs was fired from Apple, Andrew Carnegie was forced to sell his steel works. It not what is seems

    • @Michael Norman we are just trolling you , relax ? , great content always , been watching your youtube videos since like 2010, u proved MMT is right ?? cheers ?

  3. i sold off my XLF calls today & citi position today on that jump.

  4. Hee Haw !

  5. Morning Mike, noticed you didn’t mention about the vaccine from Pfizer. Noted that might be headline news but it’s a fundamental shift in the outlook as well, hence the pull back in tech and the mean reversals for cyclicals

  6. What did you even just say? Bull market or bear market? C'mon man!

  7. garyseeseverything

    I sold the vaccine is b/s it won’t work. No vaccine for SARS it all a hustle to move markets

  8. Mike, expected fiscal flows matter, and it is better data than much of the rearview metrics that get cited, but fiscal flows do not reflect net stimulus. Have to take monetary policy into account as well. Monetary policy can completely offset fiscal flows, and in fact, the correlation between the Fed Funds rate and the inflation rate is .75. Most changes in GDP due to fiscal policy are offset by Fed policy.

  9. Great MMT Report today! Thanks Mike!

  10. Looked like a blow off top to me today. The Pfizer vaccine will not work on the mutation out of Denmark.

  11. Whip saw markets big time .

  12. History Obama won after 2007-2008 collapse, he waited one year before raising taxes to allow the economy to recover. three seats VP Harris and two seats in Georgia.

  13. OK partner!! yeehah!

  14. Benfords law and Chi test, both admissible in court to prove fraud has occurred.
    https://yournews.com/2020/11/08/1915953/benfords-law-has-been-used-to-prove-election-fraud-in/

  15. Real Clear Politics just dropped Biden to 259 pending investigations and recounts. CNN also starting to backpedal

    Biden no longer President elect?

  16. where can i learn about fiscal flows and what affects us stocks?

  17. Finance & Economics

    Everything is in flux! As far as the election, with all the talk now of voter fraud and ballots being destroyed, the outcome is unclear.

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