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All quiet before the big move?

Summary:
Lots of "neutrals." Flows may change. A powder keg waiting to blow.

Topics:
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Lots of "neutrals." Flows may change. A powder keg waiting to blow.
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.

18 comments

  1. MomentsInTrading

    Plane flights were a lot more expensive in 2019 too.

  2. Andrey Tsarukyan

    So, the best way is to buy call options with Delta of 0,1-0,2 with exparation of 2 month and up to 1-3% of portfolio total. If SPY goes up You will have profit, if SPY goes down You will buy deep with Your portfolio because macro looks good for midterm.

  3. Shooting The Moon In June

  4. Oil prices are still rising

    • @Pete D Biden only shutdown part of the pipeline that has never moved a single gallon of oil.

    • @Will Finn So you are saying that they have not stop working on the completion of the system. I guess you think senile Joe is doing a great job?

    • @Pete D Yeah, I think Joe is doing a decent job. I think if you had real criticisms you wouldn't use terms like "Senile Joe." I mean, I don't call you Senile Pete.

    • @Will Finn How about I call you" Bleeding Heart Liberal Willey"

    • @Pete D If you did then that would probably be the most accurate comment you've ever typed on YouTube. You just embarrass yourself here day after day.

  5. buy the summer dip & hold long term simple plan that works

  6. Republicans want to hamper the recovery so to win the midterms and turn another Key to the White House in their favor for 2024.

  7. merchantsailor

    another cyber attack this time the meat processing JBS, this is getting out of hand.

  8. Stimulus isn't a good think if it violates morality, human nature, and basic economic principles. Paying people not to work will just bring misery. Shows a lack of understanding of human behavior.

    • Is it ethical to pay people slave wages? The minimum wage has not kept up with inflation. That means it is worth a fraction of what it was a generation ago.

    • We pay people who can't find work so that the economy doesn't crater. Those benefits benefit everyone. Unneeded austerity violates morality, human nature, and basic economic principles.

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