Saturday , July 20 2024
Home / Video / Not looking good. Growth slowed further in the first quarter. 

Not looking good. Growth slowed further in the first quarter. 

Summary:
Second-quarter shaping up to be the same or worse. 

Topics:
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Second-quarter shaping up to be the same or worse. 
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.

20 comments

  1. Mike Norman MMT Economics, I love your channel so much, I just had to subscribe!

  2. Let the bad news flow

  3. @ivantsanov3650

    We count on the MMT zombies 🧟‍♂️ to come in and buy the dip 😂😅😊

    • @robinharris2599

      But Mike said don't buy the dip because GDP is slowing and we're going lower. Soooooo…..sell mortimer?

  4. @ivantsanov3650

    You are wrong for now 😢

  5. I am reading " the Reminiscences of a Stock Operator"….

  6. @kenttorres9465

    Thanks Mike!

  7. what camera and mic do you use on your YouTubes? Great break-down on mkts today, thanks.

  8. @cryptoniteclark

    12:40 How can you tell the oil producers' sell price?

  9. @cryptoniteclark

    Isn't it strange that inventories are building, refineries are working at their highest capacity for 5 years, but price is stagnant? Seems like the Gov is buying to replenish the SPR. Apart from the EIA SPR level, where do we see confirmation that the Gov is buying, and what it's buying?

  10. @merchantsailor

    "They know nothing!". Your statement reminds me of Robert De Niro LOL

  11. @robinharris2599

    this guy is funny, but creates stories and narrative to "justify" the market moves. tail waggin the ol mikey dog. up down all around.

    • If you were listening I said a while back that economic growth would slow due to reduced net gov't transfers, and that stocks would follow. I said the rally was speculative. And I did say that in the short-term flows would peak around early June. So, I don't know how that's flip-flopping. The one who's making up the narrative to fit their story is you.

  12. @barrymcbrush5452

    Great work as always Mike!

  13. @robinharris2599

    Gotta love these thanks Mikey! Except that if the growth is slowing, we should probably sell stocks, at least growth stocks. Orrrrrr will we head higher next week? Then the flows will change….at least that's the MMT theme it seems. thank you!

  14. Thanks Mike, reading comments, if the strategy is to use the flows and your reporting
    for Long Term investing, then why not just look at monthly or quarterly data? It would seem to support your long term investing view vs. swing trading. Or is there any benefit knowing week to week?

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