The 30-year Treasury yield has risen 19 basis points since June 23rd. This significant move in the longer-term bond was due to an assortment of factors, most notably central banker prattle. The upwards move in the German bund yields visibly had a major impact, as it carried competing U.S. yields higher too. Click on the…
Read BlogThe FANG stocks have sold off on average about 10% from the recent high. We believe this is a message that the valuations are very high. The technology sector has fallen from the recent high to the most recent low by -5.6%, making it oversold. Click the link below to continue reading: Market in a…
Read BlogThe Chicago Fed’s National Activity index released yesterday morning showed a negative 0.26 figure in May, from an upwardly revised 0.57 reading in April. The May reading is the lowest since this past January, when a matching 0.26 was posted. Please click the link below to continue reading: PVG Bond Market 20170627
Read BlogBarron’s was an interesting read this weekend. They had a small article about an old technical indicator called the Hindenburg Omen, named after the famous crash of the German airship in 1937. The Barron’s article points out that, “Not every Hindenburg has been followed by financial distress, but every financial distress has followed a Hindenburg.”…
Read BlogWe would like to update you on the PVG Dynamic Core strategy, which is a tactical portfolio that is designed to mirror the S&P 500 Index in rising markets, yet in bear markets maintain a defensive posture and preserve capital. The strategy has done just that. During the past twelve months, the strategy is up…
Read BlogLast week, the Federal Reserve raised rates by .25% to 1.25% and expects to raise rates again by year end to 1.5%. The current inflation rate in the U.S. for the last 12 months is 1.9%. Monetary policy is still very accommodative with a real interest rate of -.65%. Please click the link below to…
Read BlogAccording to the Commerce Department report yesterday, May’s retail sales numbers were low-grade, dropping by 0.3% in May. Core CPI advanced just 0.1% in May verses +0.2% expected. Core CPI has now declined for a fourth straight month. Please click the link below to continue reading: PVG Bond Market June 15
Read BlogWe have been writing about how the technology sector of the market had gotten very overvalued, similar to other bubble periods like 2000, and 2007, when the economy had also slowed and the only area of growth was technology late in an economic cycle. Please click the link below to continue reading: Market in a…
Read BlogIn this monthly update, we thought we would peel the layers of the onion back and examine what we invest in and how it has performed. We have two main tranches in our strategy, a blue-chip tranche and an income tranche, but we also have a hedge. Of course, at this point in the market…
Read BlogTreasury yields, as measured by the 10-year Treasury, were steady in the past week at 2.25% through June 1st. This is well below the 2.42% yield set on May 9th. Yields have collapsed from 2.62% on December 15th of last year. This is no surprise to our team as we thought rates would peak around…
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