by Summary:
Fiscal flows have peaked. Defensive period coming for the market.
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Mike Norman considers the following as important:
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Fiscal flows have peaked. Defensive period coming for the market.
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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| Fiscal flows have peaked. Defensive period coming for the market. |
I really appreciate your service Mike, I've learned an enormous amount about trading and the markets from your service. Following the markets is fascinating to me and it's added a whole new dimension to my life.
Glad you realized doing these videos help you. I said this a few times when you were thinking of quitting. Have a good weekend!
Here's what I can tell. A lot of money printing occurs when the government deficit spends not because they spend first but because money in the shadow banking system that is not accounted for it in m2 and other measurements get used to purchase treasuries and then this money that was hidden away in the shadow banking system finally enters the circulating money supply, and the treasury issuing more treasuries is actually pretty good for the repo markets since treasuries are considered pristine collateral. treasuries also basically function like money. I've looked and looked and have been unable to find anything to substantiate the claim government spends first and then issues debt, rather there is a distributive effect from money hidden away in the banking system making its way to the circulating money supply when the banks/primary dealers by treasuries through government deficit spending and this is the "money printing," kinda like how (not exactly) how reserves might make into the circulating money supply when a bank has to make a payment to non-bank that doesn't have an account with them…there's lots of money in the shadow banking system
Mike, you’re a class act and a legend amongst people that don’t have their heads up their asses. 99% of financial gurus are perms bears and you keep them in check. I’ve learned a ton from you and I hope you keep it up and keep keeping the morons in check.
Great calls Mike!
The Best!
Great work as always Mike!
If you haven't already subscribed to MMT Trader in order to succeed in this market, you're really missing out! Imho.
Mike is dollar crash or go up with WW3?
Doesn't ww3 look designed to make other currencies fail? India has an internal ethnic conflict that has external interference. Brazil is lead by leftists that don't have a strong real in the plan. Mike talks about gold headed lower. I follow guys that called ww3 from buenos aires and they see a bloodbath in their local banks and all of latin america in a usd bullrun.
❤👁
So basically….you are saying with these tax drains, fiscal flows reaching a peak and phases of the moon….the market is in a downturn and will be bearish until late December. Gotcha.
I will mark this post to see if you are correct in late December.👍
Do an episode on the rings??? Yale? Skull n bones?
i gotta say from when i started in early 07' till 2013 when began to realize something wrong with info gettin from rogers, schiff and that ilk. found you in 15 or 16' things stated turning around after i blew up a account with options.
since biden i layed off on options and started buyin shares 5 at a time. and a amazing thing happened, i have 3 accounts i play off each other and last wk practically everything is under water yet the combined totals of the 3 hit record highs. all from just buying more (5 shares at a time) as each stock continued to fall. now also done many covered calls. nobody taught me this. i just changed when conditions changed.
The flows don't really support your prediction. The 3-day flow was $33.7b on Thursday, which is the highest it's been since the start of July. The 10-day withdrawals are around $30b, which is the highest it's been since mid July. The interest payments are going out on 15th, which means people, according to your theory, will want to spend it on the market in the days that follow. Why weren't you predicting the top of the market in the 3rd of 4th week of August instead?
What about a market crash? Any correlation with fiscal flows? Like 2020, you seemed pretty shocked by the move.
Selloff will continue. We hit peak. This market will punch every bull in the face
In both 2020 and 2021 the peaks were 30. August, not mid or early August. Why is it earlier this time?
Tide out and in. Moon cycles. Wax on wax off. Thanks Mike !
Great calls Mike!
Ok but how do the flows explain this early August sell off when we’re still on our way to the peak? Shouldn’t the market go down after the financial assets start getting drained mid August?