We have been expecting the market to pullback in February, but that has not occurred. We wonder what piece of data don’t we know at this point that would induce a continued strong rally. The WSJ had an article on Friday about a large mutual fund that uses derivatives to short the market and perhaps…
Read BlogThe earnings reports for the 4th quarter are winding down. Thus far the earnings are up about 5% year over year for the quarter, that is about 2% better than previously expected. It is interesting that there was no margin expansion, as the earnings growth came all from revenue growth. As we mentioned before, if…
Read BlogWe would like to bring to your attention that PVG is the new sub-advisor to a mutual fund, which we intend to manage in a similar fashion as our Loss Averse Equity Income strategy, https://pvgassetmanagement.com/strategies/mutual-fund/. If you are a financial advisor please give us a call or send an email to schedule a conference…
Read BlogThe Federal Reserve meets this week and issues a statement on Wednesday discussing interest rates. It is very unlikely they will raise rates at this meeting. The market expects a rate increase in June and followed by another by the end of the year. The Fed has said in prior releases to expect three rate…
Read BlogWe had a good year in the Dynamic Core strategy in 2016. The strategy finished up about 10% net of fees, but more importantly it was out of the market during the early 2016 correction. The strategy is built to take advantage of the uptrend of the equity market, but if the trend breaks we…
Read BlogWe made a few points last week that we think are worth mentioning again. First, any selling or realizing of capital gains is likely better off done next year than this year due to lower tax rates. We believe this has impacted the markets this year positively and will have a negative impact when the…
Read BlogOn Wednesday, we expect the Federal Reserve to increase interest rates by .25%. It is of particular importance the outlook the Fed gives to 2017, and the timing and number of rate increases. You could easily argue the Fed is behind the curve now in raising rates given the Trump agenda. Please click the link…
Read BlogNow that the election is over, the market has seemed to breathe a sigh of relief. This is a historical trend that follows most newly elected Presidents. We think domestic markets will benefit from the “Trump Trade”, but we are also keeping our eye on the technicals. Please click the link below to continue reading:…
Read BlogThe PVG Loss Averse Equity Income strategy finished the month of November almost exactly flat from the previous month net of fees, and up roughly 7% net of fees thus far for the year. We are performing in line with our expectations or goal of a 7% annual return. The stock market had a very…
Read BlogThe Fed meets next week, we believe confidently that they will raise rates by .25%, and will lay the ground work to continue to raise rates into 2017, but will be “data dependent”. Rising interest rates has a dampening impact on P/E multiples. We are already seeing the impact of rising rates on mortgage applications….
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