Reviewing the first half performance and market action it has been quite volatile with the S&P 500 falling -35% in about one month. The market decline of over 30% was the fastest on record, followed by a historical rally over the ensuing three months. To continue reading click below: PVG – Tactical Total Return Monthly…
Read BlogWe have mentioned this now for the third week that the uptick in the number of Covid-19 diagnosis does not concern us…but there will be a point when it might. To continue reading click below: Market in a Minute 2020-7-7
Read BlogLast week, the S&P 500 broke the important 200-day moving average on concerns the virus was accelerating its spread, and some states slowed the reopening process. To continue reading click below Market in a Minute 2020-6-30
Read BlogThe markets are debating if the sudden jump in new Covid-19 cases will have an economic impact and this fear has driven the Nasdaq to new highs. As you can see below there has been a spike up recently from 20,000 new cases a day to over 30,000. To continue reading click below: Market in…
Read BlogThe market took a big dip last week with the Dow Jones Industrial Average’s falling about -7.7% on Thursday and down -5.6% on the week. To continue reading press below: Market in a Minute 2020-6-16
Read BlogThe market on Friday rebounded and carried over the momentum into Monday on the strong job gains in May. We expect big gains in employment as the year progresses until the economy normalizes probably sometime in late 2021. To continue reading click below: Market in a Minute 2020-6-9
Read BlogThe headlines have definitely taken a turn to the negative. With the mass looting over the weekend we expected the markets to have been down on Monday, possibly delaying the reopening of many large cities. To continue reading click below: Market in a Minute 2020-6-2
Read BlogWe have discussed the Federal Reserve’s recent unprecedented balance sheet expansion in previous updates. Below is a chart of M2, which is a simple meassure of money that includes cash, checking deposits, and easily convertible near money. To continue reading click below: Market in a Minute 2020-5-26
Read BlogLast week, a couple of famous hedge fund managers expressed how overvalued the stock market is currently, specifically David Tepper said “ … the market is the second-most overvalued he’s ever seen, behind only 1999”, and Stanley Drunkenmiller, “… the risk reward of investing in stocks has never been worse.” To continue reading click below:…
Read BlogWe start this week with an update on the fundamentals. As we have said repeatedly, we believe in the back half of 2021 we will be at a run rate in terms of earnings for the S&P 500 to be similar to 2019 earnings of $164. To continue reading please click below: Market in a…
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