This is a big week for earnings, with many technology companies reporting on Wednesday and Thursday. We believe the results will be strong, as the dollar has been weak, which is very positive for revenues. Also, the economy has been strong as well. Please click the link below to continue reading: Market in a Minute…
Read BlogThe PVG Loss Averse Equity Income strategy is a very conservative strategy designed to produce consistent returns over time without significant volatility. The returns are generated from a very nice and consistent dividend yield of generally 4%-6%. The current yield is 5.4%. The Beta, a measure of volatility relative to the S&P 500, since inception…
Read BlogThe Tactical Total Return strategy is managed by a proprietary technical algorithm designed from years of work and testing by our investment team. The strategy focuses on four major indexes of the market. It has allocations in the S&P 500 with 30%, the Nasdaq at 20%, the Russell 2000 with 20%, EAFE 20%, and a…
Read BlogThe PVG Dynamic Core strategy is managed by a proprietary technical algorithm, designed from years of work and testing by our investment team. The strategy focuses on the S&P 500. When the market is in an uptrend the strategy is fully invested in S&P 500 ETFs, when the market is in a downtrend the strategy…
Read BlogThe market is getting very extended on a short-term basis. This year has started very strong, up 4.2% during the first 9 days of the year. The stock market is in a very highly overbought condition. You could also argue that the intermediate view of the market is at an extreme. The S&P 500 has…
Read BlogBelow is the sector weightings of the S&P 500. Amazon is included in Consumer Discretionary, we believe it is misclassified and should be in Technology, if so, Technology is about 27% of the S&P 500. That is a very high level, not far below the weighting at the end of the technology bubble in 2000….
Read BlogThe S&P 500 is currently valued at 20.6x 2017 earnings, and 18.4x 2018 earnings. Obviously, after almost 9 years of a strong bull market, valuations are stretched. Putting on our rose colored glasses, you could make a case, (although the Federal Reserve is taking away the punch bowl), that the forward P/E multiple is fine…
Read BlogThe tax bill looks like it will pass this week. We will stress that it is a really good bill for U.S. companies that do most of their business in the U.S. These companies generally have high tax brackets, like retailers and banks. It clearly benefits value stocks over growth stocks. Please click the link…
Read BlogThis week, the Federal Reserve meets, and it is highly anticipated that they will increase the Federal Funds rate an additional .25% to 1.5%. The current rate will still be below the rate of inflation, which we believe is tracking right at around 2%. Please click the link below to continue reading: Market in a…
Read BlogAs we mentioned last week, the markets were very dependent on getting the tax bill passed. Both the House and now the Senate have passed their versions of the tax plan. We would expect during the week of December 18th to get a final bill through Congress. Please click the link below to continue reading:…
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