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Tag: aug 18 2020

Home aug 18 2020
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August 18, 2020August 18, 2020TRENDS IN THE MARKETS by Gregory Mannarino

FINANCIAL FRANKENSTEIN 2020

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Allow me to define the current global financial situation: It’s a monster that, at one point, will swallow the Earth. Fact: never in the history of the financial markets have greater distortions existed than today – nothing even comes close. We are living in a distorted reality. Massive malinvestment has run rampant for over a...

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August 18, 2020August 18, 2020TRENDS ON THE U.S. ECONOMIC FRONT

U.S. MARKETS FRONT

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Today, marking its fastest recovery in history, the S&P 500 broke above its all-time high that was set in February before government lockdowns sent the broader market index tumbling. The NASDAQ also hit a record high today, but the Dow was down 66 points. As we have continually noted, there is no relationship between Wall Street and...

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