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I was a little surprised by today’s rally until…

Summary:
I saw that leading spending flows last week 0 billion. That’s why. 

Topics:
Mike Norman considers the following as important:

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I saw that leading spending flows last week $200 billion. That’s why. 
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.

17 comments

  1. Hey Mike, with the rise of AI, how do you think it will affect the market?

  2. And do you think the rise of AI will MMT come to the forefront of economics?

  3. good stuff ..

  4. So why were you not surprised by the rally? Didn’t catch that

  5. Great advice! I usually lose on my trades when I over trade

  6. Mike did hear about how Mike Wilson did a mea culpa mentioning how he underestimated fiscal flows? He must have discovered your channel! Lol

  7. Eat,Laugh,andStupid

    I watch you religiously, Mike…thank you

  8. Mr. Phats Variety Vibes Show

    How's LA going, Mike, have you been on those tourist tours yet? I'd like the check out the Hollywood forever cemetery

  9. I'm at the point where I have enough experience to understand that you're speaking facts. I couldn't have even heard this a year ago.

  10. Mike, you’re the best very wise man 👍

  11. I appreciate your advive

  12. Are you in the I.E.

  13. I really enjoy your advice but I think it’s incredibly short sighted to say you have to “pull back” and essentially stop “daytrading” That’s what works for you whereas it took myself 6 years to figure out that a 20 second time frame and 15-30 trades a day is what works for me. Seriously. Also, not everyone wants to be like warren. Clearly an unhappy grump with 0 happiness outside of the market. Terrible terrible life. Do what works for you. For me it’s consistently pulling money out of the market every week like clockwork.
    I use a 6pt point stop loss on nq. Know how many times I’ve heard that’s impossible? It’s been my living for the last 4 years. I really hate when people get on here and spew “don’t do this because you I couldn’t”. Though I will agree, swing trading is FAR easier as a whole. If one can’t swing one CERTAINLY cannot intraday

  14. To emphasize value investing , I was young broker at EF Hutton at Battery Park. I started buying MCD under $2/share kept buying. I bought HD in the cents and kept buying. A fellow trader asked me what are buying. He said who the Hell is Home Depot. Both those stocks are now over $300/share. I still own alot. Transferring in trust for my extended family.

  15. And today ?

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