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...
by Gary Gordon | Apr 20, 2020
Events that we have never witnessed before are coming to fruition in the current economic downturn. For instance, for the first time ever, WTI crude oil futures traded at a negative price. Perma-bulls are already pointing out that the technical anomaly does not mean...
