The markets were not thinking about a rate increase and on Friday the Boston Fed Chief came out in support of raising interest rates. As you know the market fell roughly -2.5% on Friday. The consensus is interest rates will stay low for a long time as economic growth will remain slow and inflation will…
Read BlogThe PVG Loss Averse Equity Income Strategy is up 10.0% for the year, as of the end of August. The current yield of the portfolio is 3.62%. This has been a very strong eight-month period. We have been positioned in the right stocks. Please click the link below to continue reading: PVG – Equity Income…
Read Blog“Wall Street” is coming back to work from summer vacation and likely will have to make some adjustments regarding some of their assumptions. This is not usual in that September is historically the worse month for the markets and October has had some notable declines as well. Please click the link below to continue reading:…
Read BlogThe PVG High Income strategy is up 15.6% as of the end of August. The current yield of the portfolio is 4.80%. This has been a very strong eight-month period. We have been positioned in the right stocks. The year to date average performance of the sectors we focus on is up roughly 9.4%, much…
Read BlogThe PVG Income Focused strategy is up 26.7% as of the end of August. The current yield of the portfolio is 9.23%. This has been a very strong eight-month period. We have been positioned in the right sectors and in the right stocks. Please click the link below to continue reading: PVG – Income Focused…
Read BlogThe message the Federal Reserve conveyed from Jackson Hole was the economy is picking up momentum and an increase in interest rates is likely in the cards in the near future. This still puzzles us as to what they are focused on, except the fact that rates should have never been kept so low for…
Read BlogThis Friday, Federal Reserve Chairwoman Janet Yellen makes her speech regarding her views on monetary policy, at the annual economic symposium in Jackson Hole. Every year central bankers around the globe meet in Jackson Hole to discuss global economic issues. Please click the link below to continue reading: Market in a Minute 2016-8-23
Read BlogThe PVG Loss Averse Equity Income Strategy is having a very strong year, as of August 16th the strategy is up 9.4% net of fees. This is beating both the stock and bond market. The fund is very conservatively positioned currently with about 10% net market exposure. Please click the link below to continue reading:…
Read BlogOne of the things we were watching from last week to confirm the strong Employment Report (we discussed our doubts about the methodology of calculation last week) was the Retail Sales Report. We were surprised as to how bad Retail Sales were, 0.0% and ex auto -0.3%. Please click the link below to continue reading:…
Read BlogTINA, which stands for, “There is no alternative” has been a popular theme over the last few months as bonds have continued to rally and yields have become more and more depressed. Multiple sovereign debt structures are now yielding negative rates. Please click the link below to continue reading: PVG – Dynamic Core Monthly Update…
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