On Monday, the techology sector had a very tough day, down -2.0%. Technology is a critically important sector for the market as it is nearly 30% of the S&P 500. This is near the highest weighting it has ever been, and obviously a function of the incredible appreciation of the FANG stocks. Please click the…
Read BlogThe Employment Report last week was about as good as it could have been, much better than expected in terms of new jobs created and the wage inflation was high but lower than expected. Both the stock market and bond market were pleased. Please click the link below to continue reading: Market in a Minute…
Read BlogThis Friday the Employment Report is released for February, with the consensus of 200,000 new jobs created. The focus of the report will be on average hourly earnings, the year over year rise in January was 2.9%. If you remember, this set off a -12% correction in February for the S&P 500, and the 10-Year…
Read BlogLast week we discussed that the bond market yields rising may have overdone it to the upside. The 10-year treasury got to about 2.94% last week and then pulled back to 2.86% currently. We said the Citigroup Economic Surprise Index seemed to be about out of surprises, was likely topping out, that in the short-term…
Read BlogBelow is a chart of the S&P 500 Index and the 20, 50, and 200 day moving averages, as you can see the market came down and touched the 200 day moving average and has rebounded about 2/3rds of the loss, it is still below the 20 day moving average. Please click the link below…
Read BlogThe S&P 500 fell from the most recent high in January to the intra-day low last Friday just under -12%, down to the 200 day moving average before bouncing a little over 5% in total through Monday. We would expect a series of lower highs to develop over the next several months. Please click the…
Read BlogThe S&P 500 fell over 6% over the last two days. Obviously, we believe this was well overdue. The action in the market is a bear market type of trading action. Major stocks are acting horrible. As an example, Exxon Mobil fell over 12% in these two days. The momentum stocks held up well on…
Read BlogLast week’s earnings were a little mixed with Intel (INTC) very strong as their business is transforming to faster growing sectors, but Texas Instruments showed signs of losing business momentum. TXN had slowing revenue and inventories that have spiked up. Revenue growth so far has been up very strong thus far for the reports for…
Read BlogThis is a big week for earnings, with many technology companies reporting on Wednesday and Thursday. We believe the results will be strong, as the dollar has been weak, which is very positive for revenues. Also, the economy has been strong as well. Please click the link below to continue reading: Market in a Minute…
Read BlogThe PVG Loss Averse Equity Income strategy is a very conservative strategy designed to produce consistent returns over time without significant volatility. The returns are generated from a very nice and consistent dividend yield of generally 4%-6%. The current yield is 5.4%. The Beta, a measure of volatility relative to the S&P 500, since inception…
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