This week is the first full week of 2nd quarter earnings reports, thus far what we have seen are the banks having better than expected earnings, yet still lower on a year over year basis. We believe banks are an interesting area to invest, at least as a hedge against rising interest rates. Please click…
Read BlogWe want to give you a more detailed description to all of our portfolios at PVG Asset Management, along with the performance for the latest quarter and year to date. We think this will help you to understand which strategies are best for you. Please click the link below to continue reading: PVG – Quarterly…
Read BlogThe market technicians are turning bullish after we finally broke through the old high of 2134 during May 2015. These are kind of meaningless statistics as none of the other periods match up very well with this one, but since 1928, when the S&P 500 has gone at least one year without making a 52-week…
Read BlogThe market has now traded back close to where we started before the Brexit vote. We never viewed the vote to exit as necessarily being a negative for the U.K., but we knew the markets would not like it. Our market fell about 5.6% and 5 days later were back to where we started. Please…
Read BlogThe U.K. voted to exit the E.U., as one very well knows at this point. We are not surprised at all with the vote. We think the sign they show over and over again by protestors on the cable news channels says it all, “I am not British I am European”. We think the problem…
Read BlogLast week the Federal Reserve did an about-face and took raising interest rates off the table, at least no more than once this year. It is an odd Fed, they put this fear in the market and then they quickly take it out. The Fed has lost credibility. Please click the link below to continue…
Read BlogThe 10 year German Bund yield is now at 0.023%, so very close to zero, and about to turn negative. The 10 year U.S. Treasury note is 1.63%. We find these yields remarkable. These yields are below the yields of the depressionary period of the 1930’s and 1940’s. This is a serious bubble. Please click…
Read BlogWe are having a good year up 4.52% net of fees through June 7, 2016, with our goal of 7% on average annually. Our goal of 7% provides an investor with roughly a double in performance of a portfolio over a ten-year period. The strategy has generally provided significant diversification and protection in a bear…
Read BlogThe stock market is clearly extended in the short term and in an overbought condition. The internals, in terms of advancing versus declining issues is very good. The advance to the current level, which is just below the prior high, has been broad based, unlike when the high made during May of 2015. Please click…
Read BlogWe think the Federal Reserve made it clear last week, with three board of governors speaking, that they would like to raise rates, and most likely in July. We would expect them to try to do another increase before year end. If the economy is not strong (2% or better), we believe it is a…
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