The S&P 500 fell from the most recent high in January to the intra-day low last Friday just under -12%, down to the 200 day moving average before bouncing a little over 5% in total through Monday. We would expect a series of lower highs to develop over the next several months. Please click the…
Read BlogThe S&P 500 fell over 6% over the last two days. Obviously, we believe this was well overdue. The action in the market is a bear market type of trading action. Major stocks are acting horrible. As an example, Exxon Mobil fell over 12% in these two days. The momentum stocks held up well on…
Read BlogLast week’s earnings were a little mixed with Intel (INTC) very strong as their business is transforming to faster growing sectors, but Texas Instruments showed signs of losing business momentum. TXN had slowing revenue and inventories that have spiked up. Revenue growth so far has been up very strong thus far for the reports for…
Read BlogThis 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…
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