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Home / Video / Feb is a big fiscal flow month, so bullish for risk assets.

Feb is a big fiscal flow month, so bullish for risk assets.

Summary:
February is usually the biggest gov't spending month, with a quarterly interest payment and the most IRS tax refunds. Stocks and risk assets should benefit.

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February is usually the biggest gov't spending month, with a quarterly interest payment and the most IRS tax refunds. Stocks and risk assets should benefit.
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.

11 comments

  1. Asian countries are building amazing infrastructure for its own citizens ,while here in North America we fighting over pro nouns and giving in to the woke mob, instead of focusing our energy on important things

  2. Can you bless us, with a yearly overview about the months..

    February- a Fiscal Flow Month
    December- …
    and so on?

  3. I kind of disagree that it's better foreigners build our stuff overseas is better. I think people are happiest when they have good jobs and service sector jobs suck balls, while our good jobs in steel manufacturing ship building etc have all been offshored it kinda sux.

    • I’d much rather work in an office than a steel mill lol. Look up videos of the steel mill in Inner Mongolia.

    • Mike Norman MMT Economics

      Good jobs, good pay. But those wages are used to buy real assets to improve your life. If it costs more then your standard of living did not go up. Our shitty jobs have nothing to do with imports. It has everything to do with the financialization of the economy.

  4. So last week was a bearish and surplus(sell every rip). Now suddenly you remember Feb is the tax refund season and it's a bullish.

    • Mike Norman MMT Economics

      And, so? What's the problem? Last week the S&P was at 4595. You sold and now it's at 4521. In my book that's a profit. Things change. You adjust. And yes, I forgot about the interest payment and IRS refunds. They slipped my mind.

  5. LOL….this year is the TRUE back to the normal year. UP all the way till the end of the year.
    25% import tax = 25% sales tax

  6. Hey Mike – thanks for your knowledge.. Do you do these fiscal flow updates as a percent change?

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