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.

Gold has produced a better return than equities, despite all the stock market hoopla.
Don't forget, the Fed calls the tune.
Snap elections in UK are good news for sterling.
Fed's plans to reduce balance sheet will create the buying opportunity of the decade.
Earnings are likely to be hit by slowing credit growth.
Good luck if you are buying today; it's as if you were selling in March 2009.
Demand is still soft; this is not a bullish picture.
I use confidence as a contrarian indicator, and Tuesday's strong report indicates a market turning point may be near.
A lot is riding on the French elections.
Nothing about the market or economy sounds bullish.

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