The political news over the weekend was rather shocking, Trump accusing Obama of wiretapping. Of course, Obama did not order the wiretapping, if it was done, as Obama has no authority to do so, but no one has really denied that Trump or some of his staff were not wiretapped. You have to wonder what…
Read BlogWe have been expecting a correction in the first couple of months of 2017, but that has not played out yet. We have been following the trading on a number of institutional Wall Street trading desks and the feedback recently is the large long only funds, like mutual funds, have been very quiet, not doing…
Read BlogThe French Presidential election runoff with the top 6 candidates occurs on April 23rd and then the final two candidates face each other on May 7th. It appears the current President, the socialist, Hollande, is likely out, having extremely low approval ratings. The other party, the conservative party leader, Fillon, has a scandal over paying…
Read BlogWe 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…
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