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Long awaited election is here. Stay focused and bullish.

Summary:
Underneath the emotion which will be running high, will be those powerful fiscal flows. That's bullish. 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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Underneath the emotion which will be running high, will be those powerful fiscal flows. That's bullish.



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.

13 comments

  1. LAWSUITS equal no clear winner equals bearish sell off.

  2. congress will have to increase debt level in december, markets priced in stimulus and fiscal infrastructure to come, COVID ravaging and second wave underway, we go down I will buy the dip at the March lows.

  3. Bullish? Lol???….

    • Everyone who wants to learn something should read the comments of this guy I am replying to here because they are very instructive. Last night he mocked me for calling bullish on stocks (thumbs down, LOL, etc) because the market dipped briefly as election results started to flow in. Now, today, with Nasdaq up nearly 4% and S&P up 2% he's like, "Well it's a contested election so we have to be bearish over the long term because of uncertainty." As if he is the ONLY ONE thinking this way. This amateurish to the point of being laughable. What we DO KNOW is that policy (fiscal, monetary, etc…i.e. BASIC CONDITIONS) have not changed and those are the same conditions that LIFTED THE MARKET OFF THE LOWS IN MARCH, and continue to support the economy and drive stock averages higher. It's not about waiting for "perfect scenario" politically. Maybe things will change, politically, down the road. Maybe there will be a new set of policies announced. Maybe austerity and budget cuts–something bearish like that–who knows? But that is not what is happening nor is it the state of reality right now. And finally, even if stocks HAD GONE DOWN TODAY, that would not have changed my bullish view. People like this guy literally put money in my (and my subscribers') pockets.

    • @Michael Norman No, I think it must be worse and stocks must go down. Like I said, I'm "bearish". And your optimism Michael looks funny. Nothing offensive. You must feel better the situation with markets. Most of times you're right, anyway.

    • @Kim Er Sen Looks funny to who? You? Like I give a shit?

    • @Michael Norman I'm looking funny to you, it seems. Let's see what happen during next 6-7 weeks.

    • @Kim Er Sen Yeah, now your timeline is 6-7 weeks, but you were mocking last night in the first hour when it went down. Now huge rally, and 6-8 weeks. Get the fuck out of here, loser.

  4. And as expected trump will most likely win again with the minority vote because of the rigged electoral college and gerrymandered districts. Welcome to our plutocracy. Can’t wait for 4 more years of shitshow.

  5. volatility is dropping now hedges being taken off after election. Short Term pop.

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