by Gary Gordon | Apr 30, 2020
Consumers who do not express confidence about economic prospects are likely to decrease their spending. Here in 2020, you’d have to go back to 1973’s ugly recession to find more discouraging data. In the 2020 U.S. economy, where consumers account for...
by Gary Gordon | Apr 29, 2020
In 2008, we learned about the toxic debts on the books of financial firms. And for the most part, those toxic debts were synonymous with mortgage-backed securities. The financial sector via the SPDR Financial Sector ETF (XLF) weakened relative to the S&P 500...
by Gary Gordon | Apr 27, 2020
Lenders continue tightening their belts. For example, it’s getting harder and harder to procure a jumbo mortgage loan, as its availability has cratered by 37%. Even if one qualifies for a jumbo, he/she will see higher rates than conventional loans for the first...
by Gary Gordon | Apr 24, 2020
The Nasdaq’s unique status grows curiouser and curiouser. Here in 2020, the market capitalization value for Nasdaq-listed stocks surpassed the collective value of ALL foreign shares in existence. It’s as if tech mania can do no wrong. During the raging...
by Gary Gordon | Apr 22, 2020
Howard Marks is a billionaire investor as well as the top dog at Oaktree Capital Management. He views April’s stock market rally as “inappropriately positive.” Mr. Marks specifically pointed to the worst pandemic in 100 years, extraordinary...
