The Loss Averse Equity Income strategy is up about 1.6% through the first month of the 2nd quarter versus .4% for the S&P 500. Year to date the strategy is up 3.2% net of fees and 4% gross, versus the S&P 500 of 1.75%. This is significant outperformance over a short period of time. If…
Read BlogDuring the third quarter of 2014, the net margins peaked for S&P 500 companies. It clearly was a result of declining oil prices, also by the lack of revenue growth, and lack of the ability of companies to raise prices. It is interesting that on average, in an economic cycle, profit margins generally peak 2-3…
Read BlogLast week the S&P 500 fell -1.26%, not much, but the growth sectors of the market really took a beating, with technology down -3.75% and healthcare down -2.97%. These are growth sectors of the market, where money has been flowing out of and into the value sectors. Please click the link below to continue reading:…
Read BlogProbably the most important economic news this week will be the GDP report on Wednesday, and consensus is expecting growth of .9% for the first quarter.We find the Atlanta Fed to be generally very accurate in their tracking and they now expect .3% GDP. To continue reading please click the link below: Market in a…
Read BlogWe are pleased with how our portfolio has been recently performing. For the second quarter in a row we have had positive performance, we generally have very consistent performance. The first quarter was up 1.6%, and up 2.3% net of fees in the fourth quarter. For the combined two quarters a return of 3.9% net…
Read BlogOn the bullish side, bank earnings last week were better than expected and this group has significant upside over the long term. QE in Europe is starting to have an impact, as the European markets are starting to react favorably. Credit spreads have tightened significantly from the recessionary fears in February, making the liquidity better…
Read BlogBoth the Yen and the Euro have been strong lately. It is rather confusing to the financial markets as to why and is attributable to some of the weakness in global markets recently. Both Japan and Europe have negative interest rate policies, which is very negative for their currencies. Please click the link below to…
Read BlogPlease see the PVG 1st Quarter Performance by clicking the link below: 2016 – Q1 Performance
Read BlogThe markets have come a long way since the bottom in February. The technicals are better, now above the 200 day moving average. Oil has rebounded from a low of $26 to the high $30 range. The Federal Reserve reacted to global weakness, negative interest rates by our major trading partners, and a very strong…
Read BlogThis week we will get a lot of important economic data prior to the first quarter earnings reports next week. As you know, the sentiment has gone from a global recession to muddling through. In the meantime, the market has rebounded from the low in Fedruary substantially, but still 5% below the all time high….
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