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McCarthy’s ouster may have serious bearish implications.

Summary:
The Republicans that revolted against him are diehard fiscal hawks.

Topics:
Mike Norman considers the following as important:

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The Republicans that revolted against him are diehard fiscal hawks.
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.

30 comments

  1. "pay attention you little pricks !!!" LOL ….

  2. You can’t Handle the Truth

    What’s the problem Mike…don’t you know how to short this pig on fentanyl?

  3. well i'll shed no tears over mccarthy, they're all dirtbags.

  4. Pay attention bro
    High interest rates will freeze credit markets and this is where money is 'created', government doesn't print money. Magic Money Tree (MMT) is going to dry out . 😮

  5. Long Live Ukraine.

  6. Your theory that Deficits drive the market has failed miserably
    You won't even admit it

  7. Buying opportunities for the the next 3 weeks!

  8. I remember 1987 -crazy times way back when!

  9. Trump nominated

  10. Excellent commentary

  11. Kevin Mccarthy was a snake…screw the democrats and RINOs.

  12. Traders Paradigm

    It’s pretty crazy you don’t have a larger following. Almost seems like the Algos are suppressing this information!

  13. mike, is democrat spending really worth it? They spend usually on lazy people(student loans), foreigners(migrants), climate change fake shit(aka infrastructure bill sike), wars and LGBT programs here and abroad and they favor corporate welfare for incompetent people based on gender and race .

    I sometimes get the feeling like any spending is better than no spending for stock market. But say stock market goes up 10%, it feels like we get poorer more than 10%. so what good does it do unless you leverage to the tits on the way up.

  14. Come on. You keep changing your stance. First, you say overall bullish market, now you are not so sure🙄

  15. How do you know the dates of the quarterly treasury interest payments? You mentioned October 15th but how do you know these dates?

  16. McCarthy should have been jousted. Ensures he never comes back.

  17. Oil energy? Wow. Wha happened mikey? Worthy of some of your expert insight when you have time

  18. They want to cut spending so that they can give themselves a big tax cut

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