The market reacted very positively to the Employment report last Friday. The market liked the 255,000 new jobs, however the report appears to be inflated. There is an adjustment made by the Department of Labor called the Birth-Death ratio, which is the net number of jobs provided from newly started businesses (births) and closings (deaths)…
Read BlogThe GDP report last week was much weaker than expected. The year to date growth was .8% in the first quarter and 1.2% in the second quarter, for an average of 1.0%. The Employment report is on Friday, and we would not expect a great report as the economy is too slow to drive much…
Read BlogWe are in the mist of earnings season and political season. The fireworks are definitely on the political side. Thus far the earnings have not been too exciting, modestly better that expected. There are no signs of a pickup. Please click the link below to continue reading: Market in a Minute 2016-7-26
Read BlogThe PVG Loss Averse Equity Income strategy had a very strong second quarter, up 3.6% net of fees, besting both the stock and bond market, and up 5.2% thru the end of the second quarter. The current yield on the portfolio is 4.9%. Although the yield has dropped a little as stock prices have gone…
Read BlogThis week is the first full week of 2nd quarter earnings reports, thus far what we have seen are the banks having better than expected earnings, yet still lower on a year over year basis. We believe banks are an interesting area to invest, at least as a hedge against rising interest rates. Please click…
Read BlogWe want to give you a more detailed description to all of our portfolios at PVG Asset Management, along with the performance for the latest quarter and year to date. We think this will help you to understand which strategies are best for you. Please click the link below to continue reading: PVG – Quarterly…
Read BlogThe market technicians are turning bullish after we finally broke through the old high of 2134 during May 2015. These are kind of meaningless statistics as none of the other periods match up very well with this one, but since 1928, when the S&P 500 has gone at least one year without making a 52-week…
Read BlogThe market has now traded back close to where we started before the Brexit vote. We never viewed the vote to exit as necessarily being a negative for the U.K., but we knew the markets would not like it. Our market fell about 5.6% and 5 days later were back to where we started. Please…
Read BlogThe U.K. voted to exit the E.U., as one very well knows at this point. We are not surprised at all with the vote. We think the sign they show over and over again by protestors on the cable news channels says it all, “I am not British I am European”. We think the problem…
Read BlogLast week the Federal Reserve did an about-face and took raising interest rates off the table, at least no more than once this year. It is an odd Fed, they put this fear in the market and then they quickly take it out. The Fed has lost credibility. Please click the link below to continue…
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