Sunday , February 23 2025
Home / Video / Rates are coming down. Treasury short trade unwinding.

Rates are coming down. Treasury short trade unwinding.

Summary:
Are PTJ, Drunkenheimer and Guuundddlaaach still short?

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

New Economics Foundation writes Is the Labour government delivering on its promises?

John Quiggin writes Dispensing with the US-centric financial system

New Economics Foundation writes Whose growth is it anyway?

Matias Vernengo writes What is heterodox economics?

Are PTJ, Drunkenheimer and Guuundddlaaach still short?
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.

23 comments

  1. Mike the market is only up 30% of the time the week after Thanksgiving historically. You just gave it the Kiss of death with your "Not much of a pullback" comment.
    You're the man though my brother, a man of integrity 🤟

  2. we're all here for the Drunkenheimer and Guuuuundlaaachhchchchch digs

  3. Thanks Mike.

  4. These guys say bonds are gonna crash to 7% (Druckenmiller) so they can get long bonds. They need liquidity to get into their trades. Same thing happened October last year.

    • The notion is that the 10 year rate reverts to the mean risk free rate (nominal + real gdp growth) which was 7%, now is 6% and trending down as the economy slows. Probably comes to around 5% as 20 year yields tick back up before last leg down in growth and yields.

  5. Bull market continues 😊

  6. Thinking about creating a new coin called Douche-Coin

  7. The 10-Year Yield I have beeen in bearish positions for about two weeks. my option vertical credit spreads have made more gains,

  8. Tlt if you think rates are going down. Nice dividend as well

  9. UGH – you did it again! You responded to a hater, but repeatedly ignore your genuine followers. WHY?! It's BORING! Why focus on the negative, when you can have a constructive discussion? It also means that you overlook genuine objective feedback that could have avoided you getting bearish too early, and taking that bond trade that's gone against you. I'll repeat once again – you ignored my comment months ago about why the Reagan boom continued for an extended period (as the bonds have terms that take time to expire).

  10. Ahhh the classic argument. You dont understand..

  11. No one is paying your clown ass 99 dollars fucking clown

  12. Commit to earning a living the honest way.

  13. ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤👁

  14. @cavaliercarnival2006

    Another great video Mike. Nothing truer said about commitment. Should we call you "Sarge" or "Coach". Which would you prefer?😂 Maybe Sarge because in the military they are trying to save lives – and you are definitely improving people's lives.

  15. Thanks for your time 🙏🏼

  16. the 10 year yield has broke out of its 40 year downtrend and is now up trending. Which means money is not free anymore (one of the reasons we are in this mess)….. Also TLT is not that far off from its all time lows. I wouldn't go long TLT if you gave me money to do it. I thin the bond market makes the Govt pay for all this reckless spending buy demanding more return for them either devaluing the dollar or getting into more debt (causing the possibility of a default to go up), or both. I think folks need to respect the bond market… and if they don't they could be in for a rude awakening.

  17. Thanks for the updates, Mike.

  18. What about the AAII bulls above 60%? Contrarian indicator

  19. Mike "be a man and dont question me" Norman… god bless u bro

Leave a Reply

Your email address will not be published. Required fields are marked *