by Gary Gordon | Aug 18, 2022
Have we seen the bottom for the stock bubble? Bullish enthusiasts point out that when stocks have recovered more than 50% of their bear market losses, they’ve never fallen to new lows. For these folks, once the S&P 500 surpassed 4232, the bear market ended....
by Gary Gordon | Aug 12, 2022
Since March, the Federal Reserve has rapidly hiked its overnight lending rate in an effort to curtail inflation. It may be working. However, the more important work to beat back inflation involves removing trillions of dollars from the financial system. Specifically,...
by Gary Gordon | Aug 8, 2022
It was the worst of times, it was the best of times. On Friday, the Bureau of Labor Statistics (BLS) revealed that the country created more than 500,000 jobs in July. Equally terrific? The data show gains of nearly 1.7 million new positions in just 5 months....
by Gary Gordon | Aug 3, 2022
Is the U.S. economy experiencing a recession? Technically… yes. According to the world’s leading dictionary publisher, Oxford Languages, a recession is a period of temporary economic decline during which trade and industrial activity are reduced, generally...
by Gary Gordon | Jul 27, 2022
Households as well as businesses feel wealthier when their stocks, bonds and real estate are gaining in value. It’s called the wealth effect. The problem with wealth effects? They often reverse course and, eventually, cause market participants to curb...
