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Let government transfers declined further in the last week.

Summary:
Transfers to the non-governmental sector are still falling. 

Topics:
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Transfers to the non-governmental sector are still falling. 
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.

15 comments

  1. @punch_bowl_turd3005

    good time to tip toe into PPLT, started buyin 5 shares at a time again.

  2. @titocollazo2068

    Thanks Mike!

  3. Thanks for the update, Mike. At least the money from the gov paying interest on bonds is still flowing. With no signs of rate cuts that money should still be going out and hopefully to the economy and stock market. I'm good with a pullback though. Need better prices to buy with my 401K contributions.

  4. @moneekdilawari4508

    Your call on the drop in oil stocks was pretty good

  5. Great insights as always Mike, thanks

  6. @danialputros1850

    Hay Mike I emailed u in pitbull cause I want two of the three courses 😅.

  7. @davetesorero4817

    Awesome Mike

  8. @user-it1mc3nq7h

    ❤👁

  9. Seriously? are you watching this market and these stocks? Semiconductors, tech, biotech, growth sectors heading higher. Every which way but loose Mikey. Your data is cute.

    • Lol. Your comment is cute. I don't watch the market, I watch the economy. I remember what they were doing in October 2022. Selling. You were probably one of them. I was buying. It's times like these when everyone is chasing prices higher that I like to move aside. I don't know how old you are, but I've been in this game a long time. I've seen this a million times.

    • I don’t think he “trades”. Waits for rare crashes in stocks and buys all time lows. With mkts heading to new highs, he’s just reportin’ dater 😂

  10. @Mr.PhatsVarietyVibesShow

    it's shocking we haven't had a major bear market recession , & a major decline recession in the housing market… aren't we over due for a recession? shocking ..

  11. Don’t overthink. Mikey is purely for entertainment. He says this isn’t for “traders” and doesn’t like uptrends – William o’Neil would be laughing. It’s all ego driven but fun to watch.

  12. Mike, serious question, do you think Semiconductor stocks are growth? $SMH looks like it's been on a tear, new highs….but your forecast is slowing GDP and the sky is falling correction in market.

  13. @giddysmiles2901

    Jeffery Gundlach talked about putting a stake into MMT. https://youtu.be/oCZ8Zxqc5fI?t=987

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