by Summary:
Even with Friday’s record flow day, flows are still trending down.
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Mike Norman considers the following as important:
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Even with Friday’s record flow day, flows are still trending down.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Stavros Mavroudeas writes Το ψηφοδέλτιο της ΑΝΤΑΡΣΥΑ-Ανατρεπτική Συνεργασία στις ευρωεκλογές
Editor writes Real-world economists take note!
Angry Bear writes Inflation Is Hurting the Fast Food Giants
Mike Norman writes Cleveland Fed for May
| Even with Friday’s record flow day, flows are still trending down. |
MIKE NORMAN IS NUMERO UNO!!! 🙌🙌🙌
Mike has gone native.
More money available for war but none for helping victims of natural disasters or those that fell on hard times even when doing everything right. This is the part of the system I hate and want fixed. I know the democrats and republicans are on the same team at the end of the day. Neither of them materially addresses these types of issues. Thanks for the insights, Mike. Sounds like we will have up and down days until a possible late year rally.
So flow data is always one day behind?
It's one day behind based on when it's reported in the Daily Treasury Statement. However, we know when SS payments are made, when tax drains occur, when quarterly interest payments are made, when the new budget year begins and ends, etc. It's all predictable in advance….well before it happens. We know the trends. And we pretty much know the amounts based on Congressional budgets and what the numbers were the prior year.
Thanks Mr Mike
good stuff
You say market bearish until December…yet tesla went from 212 to 256 since july…..as well as other mega caps. I missed out on some big gains.
Market. Not individual stocks. The macroeconomic flows will tell you what the market is going to do. Won't necessarily tell you which stocks are going up and which are going down. Or how much. You want to know that? Buy a crystal ball.
Tesla was an easy buy the dip. Mike is giving you some really good information, but that does not mean there is more that can help. Learn basic technical analysis. Standard Deviations, supply demand, etc.
@Derek Ross Market hasnt been exactly too bearish either….its had bullish spikes and is still at high levels.
@Traders Paradigm sure it was bud…thats why you are a multimillionaire…keep your ego in check.
How did you know I am a multi millionaire?@T Z
Love your content Mike! Question. How often do you see the market remain bullish even though, as you say, the "fiscal flows" are done for the month slowing, as in September?
Question: tax drain of what?
What do you mean tax drain of what? Did you ever pay taxes? What drains? Your bank account. Your bank balance. Your cash.
Free Market: "an economic system in which prices are determined by unrestricted competition between privately owned businesses." The biggest mover in our free market is the US government. Is this irony or a slippery slope?