Mike Norman is currency trader and economist who is a proponent of Modern Monetary Theory (MMT). He writes a blog at www.mikenormaneconomics.blogspot.com.

Nothing about the market or economy sounds bullish.
Trading is an easy game. The hard part is being rational when it comes to your beliefs.
The Fed is creating its own inflation cycle and demand destruction will follow.
Today's rate hike might just be the thing that tips this market over.
Banks are sitting on trading losses and loans are falling off a cliff.
The economic growth just isn't there to justify stock prices at current levels.
Jobs can be growing at the peak of an economic cycle, so don't discount that possibility here.
And it doesn't look like first-quarter GDP will be anything stellar.
Stocks and the dollar are up and bonds and gold are down as odds of a rate hike rise; so, what else is new?
Trump's spending-neutral plan won't help growth.

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