We 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….
Read BlogThere 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 Blog
