Thursday , April 25 2024
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I’m gonna be breaking out the popcorn.

Summary:
NO ONE is bullish. It's all doom and gloom. When the economy remains resilient and stocks fly higher, I will be breaking out the popcorn and taking it all in.

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NO ONE is bullish. It's all doom and gloom. When the economy remains resilient and stocks fly higher, I will be breaking out the popcorn and taking it all in.
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.

12 comments

  1. Always great insight! Was curious too about the used car market. Cheers.

  2. I hope you are right Mike.

  3. Mike, QT starting in early May. Do you think it'll be felt in the markets?
    (QE certainly had a meaningful effect)
    Thanks for the uploads

  4. I see a bull run towards September.

  5. Great MMT Report today Mike! ….
    …What's in your inbox?

  6. Nobody works as hard as Mike keeping his team informed! Join us! Hoorah!

  7. Could the consumer loan decrease be people getting tax refunds and paying down debt?

  8. 10:30 They will be bringing us buckets of money! Hoorah!

  9. Biden has painted us into a corner. The only way to subdue inflation is to raise the federal funds rates above 9%. However, interest payments on the 30T of public debt would explode to $2.5T per year with 9% interest rates. 30 YR mortgage rates would go above 12%.

  10. I remember when Paul Volker drove those rates up. Ronnie Ray Gun was paying back his donors with those rates. His Rich donors we're loving those treasury bonds then

  11. I'll be bullish when the market is bullish

  12. Man… Mike sure dropped the "It's transitory" stance.

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