Last week, the NASDAQ was down about -2.5%, we did discuss the technology sector being very extended and at a similar weighting in the S&P 500 as the end of 1999 during the height of the technology bubble. We believe the market is very dependent on a handful of technology stocks. Please click the link…
Read BlogWe ran this chart today, it is a little concerning, and worth a few comments. The blue line is the S&P 500 performance from the bottom of the bear market in 1990 to the peak of the market in 1999, and then followed by a severe bear market falling over 50%. Please click the link…
Read BlogThe officials at the FED met in Jackson Hole last week and there were a couple of dissenting opinions about shifting rates higher or holding steady. The voice that spoke the loudest was Chairman Powell, who said the economy and employment are both holding strong. Please click the link below to continue reading: Market in…
Read BlogLast week everyone was talking about Turkey and China. Turkey and Trump continue with a stalemate over tariffs and politics. Erdogan hit back with tariffs of his own on US goods and he is persuading his nation to invest in the Turkish Lira to keep it from free fall. Please click the link below to…
Read BlogOur guess, most investors have not been following what is going on in Turkey, but their currency is down over 30% this month, and their stock market is in the mother of all bear markets, down over -50% from recent highs. Please click the link below to continue reading: Market in a Minute 2018-08-14
Read BlogSecond quarter earnings are about in the books with earnings coming in up about 24% year over year about 4% better than expected. This was very strong, but driven by easy comparisons and especially the tax cut benefit. Please click the link below to continue reading: Market in a Minute 2018-08-07
Read BlogThe Federal Reserve meets this week and will have an announcement on Wednesday about their direction for interest rates. It is expected, by the markets, that they will increase rates in September and then again in December to end the year at 2.5% on the Federal Funds rate. Please click the link below to continue…
Read BlogIf you look back at history it has never failed, when the 2 Year Treasury has a higher yield than the 10 Year Treasury we have always had a recession and a bear market. President Trump last week mentioned concern about the Federal Reserve’s policy of raising interest rates, which is currently planned for two…
Read BlogThe Dynamic Core strategy seeks to outperform the S&P 500 Index by matching the returns of the S&P 500 when the market is rising, but very simply, when the market is in a downtrend the strategy takes a defensive posture. Please click the link below to continue reading: PVG – Dynamic Core Monthly Update (July…
Read BlogLast week, many of the large banks reported earnings, the earnings were better than expected, but we got a very muted or delayed response. Then on Monday the banks were up strongly, while most sectors of the S&P 500 were down. Please click the link below to continue reading: Market in a Minute 2018-07-17
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