Last week, many of the large banks reported earnings, the earnings were better than expected, but we got a very muted or delayed response. Then on Monday the banks were up strongly, while most sectors of the S&P 500 were down. Please click the link below to continue reading: Market in a Minute 2018-07-17
Read BlogThe Tactical Total Return strategy seeks to outperform the S&P 500 Index in two distinct ways. First, the strategy invests in the S&P 500, the NASDAQ, EAFE, the Russell 2000 and an Alpha Sleeve of our best individual stocks (We are a tactical manager that is also a great stock picker). Please click the link…
Read BlogAs of July 6, 2018, the PVG Loss Averse Equity Income strategy is up approximately 3.0% for the year and up 4.4% for the second quarter. The current dividend yield is 4.9%, consistent with our long-term goal of a 4% to 6% dividend yield. The current Beta is only .40 relative to the S&P 500….
Read BlogThe markets have been concerned about a trade war with China and tariffs put on goods of other U.S. trading partners. The fear is real for China as it has so much exposure, also for German auto makers. The U.S. trade deficit with China was $375 billion in 2017. Please click the link below to…
Read BlogThis week Barron’s magazine had an interesting article saying the bull market would end by 2020 as the Federal Reserve increases interest rates, while also reducing their balance sheet of bonds from $4.5 trillion to $2.5 trillion. Our investors know that this is our biggest concern, along with a slowing trend in earnings growth in…
Read BlogThis week we thought we would review the pluses and minuses of the market as we are approaching the half way point of the year. On the positive side, the economy is very strong, earnings growth is strong, valuations in some sectors of the stock market are attractive (value stocks are a value), companies have…
Read BlogThe trade war surprisingly took a turn for the worse as China had agreed to buy an additional $70 billion of U.S. products, obviously not enough, but we were surprised a counter offer was not made from the U.S. Apparently the opening offer was too low. Please click the link below to continue reading: Market…
Read BlogThe PVG Loss Averse Equity Income strategy is performing well, with the strategy up about 3.9% for the quarter as of 6/12/18. This compares very favorably relative to the bond market or other conservative income-oriented strategies. Please click the link below to continue reading: PVG – Equity Income Monthly Update (June 2018)
Read BlogThe PVG Tactical Total Return is performing very well, up 6.63% Net of Fees as of 6/11/18 versus the S&P 500 up 4.96%. The strategy holds a diversified portfolio comprised of the S&P 500, the NASDAQ, small cap stocks through the Russell 2000, the international markets through the EAFA Index and finally a 9% tranche…
Read BlogThe Federal Reserve meets this week and it is widely expected they will raise rates by .25%, or to a level of 2% for the Federal Funds rate. The average of all the Federal Reserve director’s expectations for interest rates is currently 2.1% for 2018, 2.9% in 2019, and 3.4% in 2020. Please click the…
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