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Monetarist zombies put their ineptitude on display

Summary:
They all sold on the hotter than expected CPI number. Then of course the market bounced back. 

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They all sold on the hotter than expected CPI number. Then of course the market bounced back. 
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. ❤👁

  2. @darrendelahunty8026

    Volume = urgency=emotion= moves so trade against this shit ……Mike I fukin luv this 😅 ur a fukin diamond 🎉

  3. @darrendelahunty8026

    Clint Eastwood strikes again 😂

  4. Mike, thank you very very much. What kind of tax drain is expected next week? Is it an individual tax payment similar to April 15?

  5. May I suggest you find a young guy or gal to increase your followers on your channel? Thank you for what you do.

  6. Yes, I remember the FX course discussion on volume and contrarianism.

  7. Hey, at least I bought ur DTS course:) If every one of your YouTube subscribers did so you'd be in pretty good shape.

  8. I've been following this channel for 10 years. Never subscribed. I just did and wish I had some time ago.

  9. I read that for the last 100 years, S&P averaged 10%, but inflation averaged 8% (Money supply inflated by 8%, and price inflation is nearly always the same as currency inflation, coming in at 7.2%), so overally net had we invested in the S&P equivalent, would be about 2%

  10. @jasperkerkhoff6721

    Mike hope you stay in good shape in 2024. 🫡

  11. You forgot about us?😢

  12. Have wondered if the monetarist zombies may actually be stating the market is going to behave in a particular way while actually acting against their own statements.

  13. You alright man? Where did you go

  14. Seems like this fiscal year is behind last year for flows. We're minus 130 billion up till Jan 18th, and by this time last year we were plus 250 billion. Wondering if this rally is supported somehow or if there's going to be a substantial rug pull coming up.

  15. Cheers Mike!!

  16. @jellebrinkhuis4004

    Eight days later again and the market just made a new ATH instead of a tax-drain driven decline. I know, market might (semi) crash soon so we can declare victory once more.

  17. This is the guy who was wrong about the housing market. He laughed at Peter Schiff, who was right, on national television. No wonder his videos get no views.

  18. I hope you're doing alright Mike. We miss your videos. I hope to see you back soon.

  19. Hey Mike, you boxing all day everyday? Stay well. Miss the videos. Checking in on ya pit bull MMT master

  20. @barrymcbrush5452

    Great video Mike!

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