The Fed meets next week, we believe confidently that they will raise rates by .25%, and will lay the ground work to continue to raise rates into 2017, but will be “data dependent”. Rising interest rates has a dampening impact on P/E multiples. We are already seeing the impact of rising rates on mortgage applications….
Read BlogThe markets have had a very nice rally since the election and as we have said repeatedly, the Trump economic policies are very bullish for the economy. The market has discounted the good news, but it is going to take a while to get Trump’s policies in place and we are sure they will be…
Read BlogThe markets have quickly gotten extended since the election, the small cap indices have had a big move, the dollar has been very strong and interest rates have spiked. Please click the link below to continue reading: market-in-a-minute-2016-11-22
Read BlogWe believe what happened last week in the markets and different sectors, foreshadow the long-term trends to come. The bond market bubble will burst, value will significantly outperform growth, and international will underperform. The question will be, can growth of earnings offset the decline in the market’s P/E so the market will rise? Please click…
Read BlogThe markets on Monday were up strongly, based on the FBI not moving forward with Clinton violating national security with her private email server. The betting lines have Clinton’s chances of winning, according to the odds makers, seem like a sure thing. Please click the link below to continue reading: market-in-a-minute-2016-11-8
Read BlogAs we discussed last week, the market is focused on the election, earnings, and the potential for an interest rate increase in December. First the election, and how quickly things change…as we have mentioned numerous times, it does not matter who wins we will see a bear market, likely in 2017. Please click the link…
Read BlogThe market is focused on three main issues, the election, earnings, and the Fed interest rate increase in December. None of which appears to be particularly positive. It is clear that the markets and general concensus opinion is, Clinton will win, but the House and maybe the Senate will remain Republician. Please click the link…
Read BlogYou can see from the dotted line; the market is right at a support level. We do not think this is much of a support level, it is really down around 2060. This support level is where the 200 day moving average now stands. As you know, we believe the 200 day is the long…
Read BlogPlease click the link below to see the performance. PVG – Q3 2016 Performance
Read BlogThe presidential election is overwhelming the attention of investors. What a mess…as we have said repeatedly, a bear market is coming regardless of who wins. The market should strongly favor the economic policies of Trump, but we believe the market likes the prospects of inflation and growth staying subdued longer. Please click the link below…
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