There are some very bullish developments happening. First on the monetary side, what the ECB is doing is very stimulative, with a -0.40% on the short term interest rate, 12 Euro counties with negative rates, a massive QE of $1.056 trillion (translated to dollars), and they are going to buy corporate bonds with some portion….
Read BlogLast week, we were rather surprised by Mario Draghi, the President of the European Central Bank. The ECB cut rates to -.40% from -.30%, and expanded the size of their QE from 60 billion Euro to 80 billion Euro per month. That is impressive! Please click the link below to continue reading: Market in a…
Read BlogWe are writing this update after the close on March 7th, we are happy to report the PVG Loss Averse Equity Income strategy is up on the year. The year to date performance for the strategy is up 1.35% net of fees. In this volatile market environment, we are very happy with this performance, as…
Read BlogThe S&P 500 is up to the area we have been expecting of around 2000, where there is considerable resistance. The chart below shows the 200 day moving average in red and the S&P 500. The market is nearing the 200 day moving average which many use as the primary trend for the market. On…
Read BlogLast week, the first quarter GDP was revised to better than we had expected to 1% from 0.7%. Not that this is much of an improvement, but perhaps it is worth noting where it was better, which was the housing sector. Below you can see how far Residential Fixed Investment is below prior levels. Regulation…
Read BlogThe market has rallied back to the resistance level of 1940-1960 on the S&P 500. What we would like to see is any pullback in the market be contained and stay above 1900. As you know, the market has tested the 1813 level twice and the last rally faded at 1945. Please click below to…
Read BlogThe 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…
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