The Dynamic Core strategy was designed to get the upside of the S&P 500 Index and limit the downside. During an up cycle we would expect the strategy to perform in line with the S&P 500, and historically that has been exactly the case. Please click the link below to continue reading: PVG – Dynamic…
Read BlogThe S&P 500 fell roughly 5% last week. We thought we would lay out the issues as we see them of what the markets are dealing with. 1) The Federal Reserve raising interest rates, with a plan to keep going in December and well into next year. Chairman Powell said their target rate could go…
Read BlogThe S&P 500 is off only 5.2% from is high, and it is likely we will continue to sell off on Thursday. Our expectation is the international markets will be down significantly tonight. In terms of important technical levels we would expect to get a drop below the 200 day moving average. Please click the…
Read BlogThe market has started to react negatively to rising interest rates. The 10 year treasury yield is now 3.23%, up from 2.36% one year ago. The one year treasury note yield is up about 1.14% versus 1 year ago. Please click the link below to continue reading: Market in a Minute 2018-10-09
Read BlogLast Friday, Italy’s government agreed to a budget deficit of 2.4% of GDP, well above the 2% allowed by the EU, this is a significant increase over the .8% in 2018. Italy’s stock market fell -3.7% on Friday and other European markets fell -.83%. Please click the link below to continue reading: Market in a…
Read BlogIt clearly feels like politics will start to become a negative for the markets. The markets have raced up because of Trump’s policies to stimulate the economy. The Kavanaugh appointment illuminates the problems Trump will have if they lose one or both houses of congress. Also, in the political view, additional tariffs are now being…
Read BlogThe market is focused on the trade issues with China. There have been several ways that China has been growing, first is by exporting their lower labor and lack of environmental restriction in manufacturing cheaper goods and then protecting their markets with import restrictions. Please click the link below to continue reading: Market in a…
Read BlogLast week, the NASDAQ was down about -2.5%, we did discuss the technology sector being very extended and at a similar weighting in the S&P 500 as the end of 1999 during the height of the technology bubble. We believe the market is very dependent on a handful of technology stocks. Please click the link…
Read BlogWe ran this chart today, it is a little concerning, and worth a few comments. The blue line is the S&P 500 performance from the bottom of the bear market in 1990 to the peak of the market in 1999, and then followed by a severe bear market falling over 50%. Please click the link…
Read BlogThe officials at the FED met in Jackson Hole last week and there were a couple of dissenting opinions about shifting rates higher or holding steady. The voice that spoke the loudest was Chairman Powell, who said the economy and employment are both holding strong. Please click the link below to continue reading: Market in…
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