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Did stocks just top out?

Summary:
Heading into that. We’re fiscal flows peak. Is this a stock market peak as well?

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Heading into that. We’re fiscal flows peak. Is this a stock market peak as well?
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.

13 comments

  1. What about the yield curve being negative? Fed Funds is over 5% and the 2 year is less than 5%. Isn't that a warning sign?

  2. They are all back up in trading

  3. Terence McKenna

    Never understood the Florida choice when you can have a paradise in California plus your kid is in the same state

  4. Nicole Tremblay

    Promo sm

  5. hell yeah, we're bear market now

  6. Fed will pivot coz recession/depression is envisaged and cut rates and print more money to survive , never mind hyper inflation coz they intend to end this fiat debt based system to flip to tokenization to start a new paradigm

  7. Would love a nice pullback in the next couple months

  8. excellent content, thank you

  9. HEEEEEEEEYYY HAAAAAAAAAAAAAAAAAAAA

  10. Heino Der Sänger

    Your whole analysis seems to be focused on only one factor, the fiscal flows. Exactly what you are accusing the monetarists of who are only foucssed on the FED. Yet your predictions never came true. You talked about February peak of flows, March and April tax drains and the market just went higher with no meaningful pullbacks. Doesn't mean that it cannot have one now, but the broken clock analogy comes into mind.

  11. god bless the magic money creation of America, god bless that keystroke

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