The PVG Dynamic Core portfolio has been defensive all year. As the market is down around -8.5% for the year, we continue to be flat, -0.04% YTD (Net of Fees). Below you will find the chart which shows the Dynamic Core strategy since the last Market Neutral trade in Mid-December. Please click the link below…
Read BlogLast week, the market came down and retested the low and support level of around 1813 on the S&P 500, and then bounced strongly from that level. At that level on the S&P 500, it is around 15.5x earnings, which is not a compelling level, but one that the market appears to be comfortable with…
Read BlogThe PVG Loss Averse Equity Income strategy has a simple mandate, to generate dividends that are 2-4x that of the S&P 500, to focus on high quality “Blue Chip” companies and income oriented sectors of the equity market. The goal is to provide consistent returns from the dividends and inflation protection from the Blue Chip…
Read BlogAs we have said repeatedly now, we are in a bear market that started back in May of 2015. The Federal Reserve has been jawboning about raising interest rates now for a couple of years and has caused a tightening of credit globally. As a result, the dollar rose to the point it has put…
Read BlogLast week played out as we expected, the reason was slightly different than we thought. As expected Apple had a very disappointing quarter and brought the market down, and the Fed talked down the economy with words of being data dependent. On Friday, GDP was reported and it was a disappointing .7% growth. Please click…
Read BlogWe believe the market has transitioned from a bull phase to a bear. The peak of the market occurred last May. The average stock is down considerably more than 20% from its high and the unweighted S&P 500 is down very close to -20%. We have historically managed through bear markets well. We have a…
Read BlogThere are several important data points coming out this week. Wednesday could be a volatile day as Apple reports earnings on Tuesday night. We expect an in-line quarter, but then to issue guidance lower for the coming quarter, could be significant. AAPL has a $557 billion market cap, it has a 3.3% weighting in the…
Read BlogPVG Asset Management specializes in risk management. We would like to bring your attention to our Dynamic Core portfolio. Our Dynamic Core portfolio has been defensive all year. As the market is down around -10% for the year, we are flat. Please click the link below to continue reading: PVG – Dynamic Core Monthly Update…
Read BlogLast week, we wrote that we were in a bear market. The market is off to its worst start ever, down 8% in the first two weeks. Not all the indices are down over 20% yet, but the average stock is off well over -20%. The Russell 2000 is down -22% and the Dow Jones…
Read BlogWe have known for a while how bad China was, it seems it is starting to be the consensus, (there is generally always another shoe to drop, Bear Stearns then Lehman). We believe China is in a recession, the consensus is, growth might be around 2%-3%, that is just not right. Our markets are down…
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