Equity Research and Sector-Specific Forecasting by Gordon Johnson
Gordon Johnson is the founder and CEO of GLJ Research, an independent equity research firm specializing in industrials, renewable energy, and macro-sensitive sectors. Formerly Head of Equity Research at Axiom Capital, Johnson gained national visibility through CNBC and Bloomberg appearances for his contrarian views on Tesla and crypto assets.
Since 2023, Johnson has positioned himself as a vocal skeptic of cryptocurrency markets. In a widely viewed December 2024 interview, he labeled Bitcoin “worthless” and described the cryptocurrency ecosystem as a “speculative shell game.” Following the U.S. Treasury’s announcement of a strategic crypto reserve in early 2025, Johnson called the initiative “institutionalizing market corruption,” drawing over 1.4 million impressions across financial media.
Despite his criticism, Johnson is frequently cited in crypto discussions as a bearish counterpoint. His analysis supports institutional investors looking for risk-off strategies or exposure to short positions within crypto-linked equities. Johnson does not hold digital assets and follows a strictly conventional portfolio approach.
Korean won strength could mean a head fake rally, Gordon Johnson warns
Gordon Johnson, CEO / Analyst at GLJ Research, suggests that recent movements in the South Korean won may indicate continued selling of U.S. stocks by Korean investors. Johnson warns this market ...
Gordon Johnson: South Korean leveraged buying pressures U.S. tech stocks
Gordon Johnson, CEO / Analyst at GLJ Research, comments on the negative performance of the Nasdaq and SOXX in U.S. markets. Johnson highlights that South Korean investors have played a significant ...
Liquidity is leaving bitcoin, Gordon Johnson warns
Gordon Johnson, CEO / Analyst at GLJ Research, comments that liquidity is being drained from bitcoin. The post highlights concerns regarding the current state of bitcoin market ...
Gordon Johnson: Federal Reserve liquidity shift impacts bitcoin inflows
Gordon Johnson, CEO / analyst at GLJ Research, discusses the impact of changing U.S. Federal Reserve policies on market liquidity and bitcoin inflows. Johnson highlights that the overnight ...
Short-sellers are held to higher scrutiny in markets, Gordon Johnson notes
Gordon Johnson, CEO and analyst at GLJ Research, observes that some individuals regularly influence stock prices through their tweets for personal gain. He points out that enforcement actions are ...
Gordon Johnson: Federal Reserve money printing drives risk assets higher
Gordon Johnson, CEO / analyst at GLJ Research, asserts that the recent surge in risk asset prices is directly caused by the U.S. Federal Reserve's ongoing money printing policies. He points out ...
Bitcoin and U.S. markets could face liquidity drop, Gordon Johnson warns
Gordon Johnson, CEO / Analyst at GLJ Research, warns that the U.S. Treasury is set to issue approximately $300 billion in T-Bills through the end of July, which could significantly reduce ...
Gordon Johnson: Federal Reserve may redefine inflation as Dow Jones reaches 50,000
Gordon Johnson, CEO / analyst at GLJ Research, questions the credibility of official inflation metrics, suggesting that the U.S. Federal Reserve might adjust its definition of inflation to bring ...
U.S. home prices tripled since 2000 due to lower money costs, Gordon Johnson argues
Gordon Johnson, CEO / Analyst at GLJ Research, asserts that U.S. home prices have increased more than threefold since 2000. Johnson contends this rise is not a result of lumber prices or zoning ...
Gordon Johnson: Federal Reserve balance sheet expands as inflation rises
Gordon Johnson, CEO / Analyst at GLJ Research, questions the Federal Reserve's approach to inflation, highlighting that the central bank's balance sheet is expanding despite rising inflation. In ...
Inflation more than 90 percent above Fed target, Gordon Johnson notes
Gordon Johnson, CEO / Analyst at GLJ Research, highlights that inflation is currently over 90 percent above the U.S. Federal Reserve’s 2 percent annual target and continues to accelerate. He ...
Gordon Johnson: Market focus remains on stocks despite inflation concerns
Gordon Johnson, CEO / Analyst at GLJ Research, questions the significance of consumer spending and inflation in the current market environment. Johnson argues that as long as stocks continue to ...
Tesla unsupervised rides fall from 69 to 3 over three weeks, Gordon Johnson notes
Gordon Johnson, CEO / Analyst at GLJ Research, questions the sharp decline in unsupervised rides reported by Tesla following a surge during the week of April 20, which coincided with earnings ...
Gordon Johnson: Federal Reserve unlikely to hike U.S. rates again
Gordon Johnson, CEO / analyst at GLJ Research, questions the Federal Reserve's approach to rising inflation and interest rates. Johnson states that the central bank regards inflation as ...
Public companies rarely miss estimates due to analyst adjustments, Gordon Johnson argues
Gordon Johnson, CEO / Analyst at GLJ Research, argues that nearly 90% of Wall Street analysts adjust their estimates so that public companies can consistently beat earnings expectations. He ...
Gordon Johnson: Musk admits FSD not ready as most of TSLA valuation at risk
Gordon Johnson, CEO / Analyst at GLJ Research, highlights concerns about the readiness of Full Self-Driving (FSD) technology at TSLA. Johnson points to recent comments from Elon Musk during an ...
U.S. equities face structural dislocation, Gordon Johnson notes
Gordon Johnson, CEO / Analyst at GLJ Research, states that the U.S. equity market is experiencing a structural dislocation in price discovery. Johnson outlines his firm's view on current U.S. ...
Gordon Johnson: Tesla Q1 EPS at 28 cents, margin benefits from one-time items
Tesla's first quarter earnings per share came in at 28 cents, missing both GLJ Research's estimate of 29 cents and the Bloomberg Consensus of 35 cents. Gordon Johnson highlighted that these ...
Powell has created record wealth inequality and stress for non-rich, Gordon Johnson asserts
Gordon Johnson issued a strong critique of Jerome Powell, claiming that Powell has been the worst development for the U.S. middle and lower classes since the Great Depression. Johnson argued ...
Gordon Johnson: U.S. oil net imports could drive higher fuel prices soon
Gordon Johnson argues that a commonly cited oil chart is misleading because a significant portion—10 million barrels per day of the 23 million—is made up of natural gas plant liquids, which ...
Options activity propels TSLA stock higher, Gordon Johnson notes
A major development is taking place in options markets, according to Gordon Johnson. Johnson highlights that this shift is fueling the recent surge in TSLA stock prices and is being overlooked by ...
