by Gary Gordon | Mar 8, 2020
You have chosen to blame the COVID-19 pin prick. Yet, you should have understood that the Federal Reserve’s obsession with recession prevention created a monstrous stock bubble. I did not tell you when falling stock prices would cease to be a buy-the-dip opportunity....
by Gary Gordon | Mar 6, 2020
The 2020 stock bubble is in trouble. Here are several telltale signs: (1) The CBOE’s VIX Volatility Index recently rocketed in ways that few could have imagined. (2) A zero-percent yielding precious metal has broken out to multi-year highs. (3) Due in large part...
by Gary Gordon | Mar 5, 2020
The 2020 stock bubble has yet another hole to patch… widening credit spreads. In particular, the spread between investment grade bonds via LQD and junk bonds via HYG are expanding. High yield credit (HYG) outperformed investment grade (LQD) up until the 3rd...
by Gary Gordon | Mar 3, 2020
Federal Reserve committee members still insist that the U.S. economy is in great shape. Do you believe them? Today, the central bank served up an emergency intra-meeting cut of 50 basis points. The new range for the overnight lending rate is 1.0%-1.25%. Blame it on...
by Gary Gordon | Mar 1, 2020
During the “Great Financial Crisis” (GFC) of 2008, the S&P 500’s dividend yield surpassed the 10-year Treasury yield. This relatively rare event has happened a few times since. In March of 2020, however, the S&P 500’s dividend yield has...
