Monday , May 6 2024
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Market snaps right back as I told you it would.

Summary:
Fade the monetarist zombies every time.

Topics:
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Fade the monetarist zombies every time.
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.

24 comments

  1. Mike, you make me wait all day for this. Come on get them out sooner,😂. Thanks for your analysis.

  2. Bail Outs
    Intervention
    Magic Money Windows
    Mega Debt Utopia
    Janet Yellen looks a bit nervous…

  3. Yes you did !!!

  4. edit together a song of all the noises you get as a dedication to monetorist zombies…

  5. oh man…. i love that explanation on markets going up doesnt increase wealth effect… all the "experts" cackle that, and I never bought it, but couldnt verbalize why… you nailed it tonite !!

  6. There is not any evidence that the Republicans in the house will pass a budget and lots of reasons to believe they will not.

  7. enjoy the weekend, Mike and thank you

  8. Excellent points.

  9. November 15th is coming 🥸

  10. Mike Norman is numero uno!!!🙌🏽🙌🏽🙌🏽

  11. Saturday Night Fight!

  12. No matter ambulances, fire trucks, helicopters, dogs, babies, it ads to the realism! We clearly don’t tune in for some guy in a suit/studio! Have a great weekend!

  13. I told you 😂 I said this.. Man, relax. All the low caps are dooming.

  14. Mike its called a "breather" 😁

  15. This is where “lines on a chart” are useful (at least for the Volune and Price Actionists)…some of us had ES level 4355.75 as a great demand level for a week, so when we knew that fiscal flows were strong, the likelihood they’d collapse at that level was very small. Great buy level for the port, at least. What do you know…was the low of the day….and WEEK.

    You were definitely on point here.

    Starting to wonder if some of these people aren’t foolish but understand the macro tides and know when to unload off onto the masses on the way down to the prices they want…

  16. WISDOM at the 5:25 mark…knowing is only half the battle. Execution and emotion are incredibly difficult to master.

  17. Moody's just downgraded the credit rating outlook to negative because of out-of-control government spending and deficits.

  18. Mike just flip flops and if you follow him long enough, you can see it. Good luck everyone, don't get scammed.

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