by Gary Gordon | Jul 16, 2020
There are times when one ought to look beneath the covers. For example, if you merely scroll the headlines (7/16/20), you’d read that initial jobless claims fell to a post-pandemic low of 1.3 million. Never mind the persistently high claims above one million. Things...
by Gary Gordon | Jul 14, 2020
One of the most startling features of the current stock bubble? An unquenchable thirst for exposure to mega-cap growth has masked extraordinary weakness in the rest of the market. In particular, the S&P 490 (S&P 500 ex mega cap growth) is down roughly 15% on...
by Gary Gordon | Jul 11, 2020
A whopping 23% of the US civilian workforce collects unemployment payments. These folks are not working, nor are they retired. Yet, somehow, the official government stat for the U.S. unemployment rate is a tick higher than 11%. What gives? Due to the pandemic, the...
by Gary Gordon | Jul 8, 2020
Trillions upon trillions of dollars in central bank liquidity have ignited one of the biggest stock bubbles in U.S. history. But how exactly does the money get into stocks? The Federal Reserve dumped a mind-numbing quantity of digital dollars into Treasury bonds and...
by Gary Gordon | Jul 6, 2020
Some experts pretend that the 2020 stock bubble has its roots in what companies are earning right now or what they will earn going forward. Is that even possible when half of those corporations have no ability to forecast their business profitability going forward? In...
