PVG Market In A Minute - April 25, 2023
Tactical/Loss Averse Investing is in Favor: The Federal Reserve is following the same path as they did in 2006 and 2007, but faster.
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Tactical/Loss Averse Investing is in Favor: The Federal Reserve is following the same path as they did in 2006 and 2007, but faster.
Read BlogWe think there are many similarities between all the Fed tightening cycles, of course they all are different in ways as well. But the patterns are similar.
Read BlogAs we mentioned previously, the technicals have turned positive, but with a downward sloping 200-day moving average, which makes it likely that it will stall out.
Read BlogInflation Report on Friday: Obviously, inflation is the big concern for the markets and how it relates to valuations and Federal Reserve monetary policy.
Read BlogS&P 500 P/E of 17.7x 2023 and 15.5x 2024 consensus earnings estimates -Earnings will likely come down another 10% for both years - GDP will contract
Read BlogOur plan is to protect our portfolios and later this year, or next, benefit from a significant move up from a perhaps much lower level. Last week, the S&P 500 fell -4.6%
Read BlogWe stated last week, given the oversold condition of the market, that it was likely going to rise before it ultimately declined, and perhaps significantly.
Read BlogThe Personal Consumption Expenditures Price Index (PCE) reported last week came in hotter than expected. The market and the Fed were wanting
Read BlogThe markets have been driven by the technicals rather than the plethora of negative fundamental data. The positive technicals have forced investors back into the market. The disconnect is from several factors:
Read BlogAs much as the market would like to have a positive outlook, it is premature. The issues continue to be declining earnings, inflation,a restrictive Federal Reserve, valuations, and now the war is coming back into focus.
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