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Today’s market pullback not the start of a new down move.

Summary:
Profit taking. Headline fears and next week's FOMC meeting. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

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Profit taking. Headline fears and next week's FOMC meeting.



Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader.

https://www.pitbulleconomics.com/



Mike Norman Twitter

https://twitter.com/mikenorman



Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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.

19 comments

  1. Thanks for sharing your insights. I hope the market can keep an upwards trajectory even if it is slow and methodical. I buy into the market through my job each two weeks so at least one person is buying🙂

  2. Hi Mike, your recent assessment of gold price looks on the money

  3. Mission Partners

    We took over 50% profits anticipating a pull back. If it comes we'll re-add if it doesn't come we will sell the other half. Simple.

  4. Great work as always Mike! I haven't been paying much attention to the markets lately, sorry to hear about your dog man. My condolences.

  5. Looking forward to Monday's MMT Report!

  6. I wanted to trade in Crypto but got confused by the fluctuations in prices.

  7. Eh, my kind nature always gives a valuable info for free. U don't need books and blah blah. Just watch Nikola stock, it is plugged to the big ass Fed computer (at least for now). Lately, it pumped and dumped a few minutes before the SPY did (10-15 minutes, to be exact) It is a frontrunner to the SPY, a cash making machine. No one took profits today, the Fed simply pulled the plug, at least for today.

  8. Mission Partners

    Cheers Mike! Thanks for the data! @14:40

  9. Traders Paradigm

    Disagree. It is the start of another down move. SPY 330-340 by end of September, dollar and vix spiking. Dollar to 110-115, vix to 45-50.

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