Monday , June 17 2024
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Huge flow day yesterday. Does this change anything? 

Major government transfers, yesterday, but I’m still not a fan of this rally. 

Mike Norman considers the following as important:

This could be interesting, too:

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Merijn T. Knibbe writes Deaths of infants and young children in Gaza. A fact-based estimate.

Major government transfers, yesterday, but I’m still not a fan of this rally. 
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. @moneekdilawari4508

    GDPnow shows 3.8% for second quarter 2024 so they did revise down.

  2. @bobsagetsquarepants7805

    Crouching bull hidden Mikey… patiently stalking its prey.

  3. Thanks Mike, some great insights and advice as usual.

  4. If there is going to be a pullback, I wish it was sooner than later. At this pace most of my 401K contributions are at near all-time highs.

  5. @barrymcbrush5452

    Mike Rocks! Join the MMT team!

  6. @eatlaughandstupid4430

    love it when you impart your wisdom

  7. @joshscott4229

    Give us some bitcoin advice Mikey. First asset in history with a finality of supply.

  8. @financeeconomics1057

    I'm the same way I like when markets are falling/crashing. Negative change reveals opportunities.

    Buffett has billions in cash right now just waiting.

  9. Sage advice!

  10. As treasuries keep getting rolled over they will be replaced with high interest yields. Would this not increase the leading flows more as the interest payments are now very significant and will become even bigger. Possibly closing the gap between this year and last year's flows.
    Plus they could run down the treasury account which I think is very high right now.

    • @kylejohnson4083

      When more and more of the collected taxes are needed to pay out the principle and interest on US debt, it will cause 1) an honest debate about the growth of debt, deficit spending and inflation or 2) damn the torpedoes and just MMT our way it. I pick #2. Those with assets will benefit greatly … while the poor will continue to get pulverized into oblivion. Cue the class wars!

  11. @user-it1mc3nq7h


  12. @tedsmoothie1581

    Thank God for the monetarist zombie morons- they're making us rich 😅

  13. @kylejohnson4083

    PBOC Unveils $42 Billion Monetary Cannon To Boost Debt-Stricken Housing Market. Chinese FX Outflows Soar To Highest Since 2015 Devaluation. All of this points to higher crypto and US equities. This fiscal dominated world order will continue pumping up the US markets. US is at war time deficit spending …. MMT in action … recession cancelled.

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