We discussed previously several times that our fundamental view is the market is fully valued at 4200, based on $220 earnings for the S&P 500 for year-end 2022 (consensus is currently $210.60). Market in a Minute 2021-6-1
Read BlogLast week, AT&T (T) announced they would be selling their media assets to Discovery (DISCA), as a result, T would now be focusing on their core business of telecom. Additionally, the dividend payout would also be cut! Market in a Minute 2021-5-25
Read BlogLast week, both the Consumer and Producer Price Indices were much much hotter than expected. This inflation issue may linger longer than expected. Market in a Minute 2021-5-18
Read BlogAs everyone well knows, the Employment Report on Friday was wildly disappointing with 266,000 new jobs, with the expectation of economists around 1 million. That is such a big miss! Market in a Minute 2021-5-11
Read BlogLast week, 51% of the S&P 500 by market cap reported earnings, the FAAMG plus Tesla were half of the market cap. We stated in last week’s PVG Market in a Minute that we thought the earnings would be strong, but it was largely already reflected in the stock prices. Market in a Minute 2021-5-4
Read BlogThis week is loaded with datapoints. First, the Federal Reserve meets on Wednesday, they will make an announcement where they are likely to say there is no change in policy, and will reiterate that interest rates will remain near zero through 2023. Market in a Minute 2021-4-27
Read BlogIn the PVG March 16th “Market in a Minute” we said two things that have played out, on a technical basis, the market needed to break through a resistance on the S&P 500 of around 3943 otherwise the support was 3750. Market in a Minute 2021-4-20
Read BlogThere is a little rotation back to the growth stocks from value recently. Perhaps the Nasdaq has underperformed by too much lately and we are just seeing a temporary move back to growth from value. Market in a Minute 2021-4-13
Read BlogWe thought we would list out the key drivers of the market as we see it and the trends in front of us. The most important factors are always earnings, the value you are paying for those earnings, which is driven off the outlook for interest rates, primarily the 10-year Treasury Note, and monetary policy. Market in a Minute 2021-4-6
Read BlogLast week, a hedge fund company named Archegos Capital Management caused a significant disruption in the market, which caused many other stocks to decline as the major banks that lent money to Archegos were hit with massive losses. Market in a Minute 2021-3-30
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