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Yesterday was the first positive flow day in 6 days, but it was tiny. Taxes are still adding heavy fiscal drag. 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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Yesterday was the first positive flow day in 6 days, but it was tiny. Taxes are still adding heavy fiscal drag. 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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| Yesterday was the first positive flow day in 6 days, but it was tiny. Taxes are still adding heavy fiscal drag. 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 I love ya. But listen to yourself. Your talking about all the fiscal drains and monetary contractions and geopolitical conflict and you can't see the writing on the wall. One day you will wake up and realize "Why am I long the market when all these trends have been persisting for so long?"
@darren here To understand retail investor sentiment.
@Darius Tensai Mike literally said people could put on a hedge before the Sept 15th tax drain.
@Robert yea that's why I said if you didn't hedge, don't short here. I had spy and qqq puts 3 months out taking in profits as we ran sellside liquidity (daily support levels broken). As a futures trader, when bonds (ZB) broke that low, I noticed NQ/QQQ seems to follow suit. We'll see if it plays out.
Mike, I don't think you are considering all of the negative effects of higher rates. Yes, the numbers balance out as the government pays out more, BUT the vast majority of the population is affected negatively. Homes, cars, credit cards are all affected… This in turn causes consumer spending to decrease, companies to lay off, less taxes and a host of other issues.
@FinTech -6 He's a fool.
im still buyin 5 shares at a rime in many diff stocks as things fall.
Market psychology needs to be bearish for the market to be bearish…. especially in a bear market? I see dead bulls everywhere 🤪
Rate increases are to be followed by tax increases certainty of this will follow the results of the elections…. Capitol gains increases are already targeted if the Dems remain in control.
Thank you for the update, Mike. Keep up the good work.
Alles sehr schön. Aber zuerst zusammen die Nummern 10 und 1. Eine gedangsiem.Site Brünette und eine anderev Blondine. Es wäre unfair, wenn ich 4 wählen würde
What would cause the social security amount to be so much lower than expected? Are these the social security checks they pay to seniors?
Folks who 'wants the market to crash ' aren't looking for validation, they are looking for opportunities to buy good companies at deep discounted prices. 😀
I'm hedged and hoarding fiat so not too worried about market direction
The thing about rate increases leading to lower stock prices.
I would propose that there's a dichotomy between is and ought. Even though the fiscal flows now ought to lead to higher stock prices ahead, because enough people believe that rate increases lead to lower stock prices, it will tend toward that direction.
That along with the escalation in the Russia/Ukraine situation should cause some concern. I see risks everywhere.
I keep hearing how something's going to happen on September 24, idk exactly what that is, but I've been hearing about some event taking place on that date. We'll see. Maybe it's nothing, but who knows. The last three years have been crazy.
Now here is what I am wondering there is 2 ways for the market sentiment to become bullish on aaii. 1 we shoot up like crazy to the moon and stay there but 2nd way is if bears believe we haven't bottomed should we take out the June lows and go low as 3000 on spy I'd think more bears are ready to take risk on and be bullish as lower prices on stocks therefore we may switch back to a more balanced sentiment imo but I am most likely wrong time will tell
Ditch the hair dye grey looks great!
🤎💜🤍🖤💙💚💛🧡❤👁
Great knowledge transfer Mike. Thank you!
once again people don't realize the power of the fed
The Fed has no "power" other than being a price setter and regulator. However, when you suck $1 trillion out of the economy via spending cuts and taxation this is what happens.
The market has been crap all year grinding us up
Market corrections, economic stalls, are a trap. Whoever is led astray by these is not wise.