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End of month. Solid. Here’s what’s coming.

Summary:
Correction highly likely but big picture remains bullish.

Topics:
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Correction highly likely but big picture remains bullish.
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.

21 comments

  1. Thanks Mike I appreciate your wisdom. Like your hat. But I like the cowboy hat .

  2. Fence?

  3. Stephanie Kelton MMT? You offer your advice for a fee? ok.

  4. Nice warm weather. Happy faces. No screaming ambulances. Even Gavin Newsom hasn’t completely destroyed California. You should move to Laguna Beach and hang out there. You would love it.

  5. Mike, what do you think will be the impact if there is a government shutdown later this year?

  6. good stuff !!

  7. Hey, Mike, would you mind providing your perspective on the function of money already in circulation. (You’ve probably already covered this, but I haven’t been able to find…)

    Also, I recently became aware of Heresy Financial -didn’t take long to figure out he’s in the biz of hawking precious metals.

  8. Always learning from Professor Mike! Great job!

  9. Good stuff Mike 💪

  10. Hi Mike. The price tag is still on your hat.

  11. Mike- Would you consider market going sideways or choppy for couple of months as a correction? A 3 month correction sounds a steep. I’d consider it a consolidation, like what we had between April and June.

  12. New to the channel. Love the Information!

  13. ❤👁

  14. Eventually the monetarists will be right, just gotta keep calling it and then talk about "lag effect" 🙂

  15. Mike, really enjoy learning from you on this channel, and hoping your audience continues to grow so you stick around for the long run. Two (potentially naïve) questions: 1) does all of the money we're throwing at Ukraine factor into what you're describing as a healthy deficit environment? 2) Warning: silly question…Would you be able to look into the camera on your computer? Watching someone look elsewhere and not directly at me challenges my brain. THANKS for all you're doing, and the knowledge you're sharing. Best, John

    • Mike Norman MMT Economics

      1) The money can obviously be better spent, but it still factors into leading spending flows. 2) Ok.

  16. Monetarists are the embodiment of sunk cost fallacy.

  17. Really helpful, thank you!

  18. Mike I'm always glad to hear from you, learn so much.

  19. Or they don’t know . Or they know , but don’t want us to know.

  20. Greetings from 🇱🇺 👊🏼

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