The strength of revenues and earnings this past earnings reporting period for the first quarter was very impressive with revenues up 8.3% year over year and earnings up 24.5%. Keep in mind a significant amount of the earnings gain is from the massive Trump tax cut. Generally the market does not reward companies for lower…
Read BlogWe discussed this last week, but we thought it was important to review what happened, what to expect in the short-term and what to expect as we go through the year for the market on a technical basis. Please click the link below to continue reading: Market in a Minute 2018-05-15
Read BlogBelow is the S&P 500 1-year chart, with the 200-day moving average, and as you can see, the market has been forming a descending triangle. A descending triangle is when the upper trendline is sloped downward, while the bottom trendline is horizontal. Please click the link below to continue reading: Market in a Minute 2018-05-08
Read BlogLast week, the earnings reports for the first quarter were very strong, some much better than expected, but yet again really good reports did not equate to strong stock performance. In particular, Caterpillar had a great quarter, but informed investors that the first quarter would be the “high-water mark for the year”. Please click the…
Read BlogWe are in the midst of earnings reports for the first quarter and stock performance has not been particularly positive. You can see from the chart below that good earnings reports are not getting rewarded with positive performance (this is unusual), and bad reports are getting punished (as usual). Please click the link below to…
Read BlogThe stock market is beginning to struggle on a technical basis or lose momentum. The S&P 500 made a new high in January, that looked like an exhausting parabolic move. These types of moves are generally associated with market peaks. Please click the link below to continue reading: PVG – Equity Income Monthly Update (April…
Read BlogThe stock market is beginning to struggle on a technical basis or lose momentum. The S&P 500 made a new high in January, that looked like an exhausting parabolic move. These types of moves are generally associated with market peaks. Please click the link below to continue reading: PVG – Monthly Strategy Update (April 2018)
Read BlogThe issues from last week all appear to be fading, with China expressing a willingness to work things out regarding trade issues. So far Syria has turned out so to be a non-event, as we expected. You must wonder what is really going on with the President’s attorney Michael Cohen. Please click the link below…
Read BlogGrowing up in the stock market over 30 years ago, it seems that there has been a significant amount of money, particularly now, that is index or ETF based. Value in certain stocks seems to take longer to be realized, but it eventually does. We are sometimes surprised how long it takes the market to…
Read BlogIf you read our weekly update you know we have been talking about the severe overweight of technology in the S&P 500, and, in particular, the over investment in the FANG stocks. We do not believe there is much of an issue with a trade war with China, it is about overvaluation and over ownership…
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