PVG Market In A Minute - June 20, 2023
We were surprised by the consensus amongst Fed members, from their meeting last week, to raise rates by another .50% this year.
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We were surprised by the consensus amongst Fed members, from their meeting last week, to raise rates by another .50% this year.
Read BlogAsset allocation is a critical component of return and risk. However, very often during bear markets, even moderate allocations can have significant losses during bear markets.
Read BlogThere was a relief rally on Friday where the market broadened out in a big way with the Debt Limit being passed. The debt could not be increased above $31.4 trillion.
Read BlogThe market is buzzing about the guidance of revenue for the next quarter. NVDA reported their April quarter of $7.2 billion in revenue, down -13% year-over-year.
Read BlogLast week, the number of NYSE listed stocks advanced by roughly 1800 versus 1300 declining, a big improvement versus the recent trend of nearly 2x the declining stocks versus advancing.
Read BlogFollowing a significant tightening cycle, when the Fed stops raising rates, the market generally has a nice advance before entering a bear market, in this case it would be another bear market
Read BlogYellen says she runs out of money to fund the government on June 1st...yikes! S&P 500 declined -19% on government shut down. This seems like a really stupid issue...
Read BlogTactical/Loss Averse Investing is in Favor: The Federal Reserve is following the same path as they did in 2006 and 2007, but faster.
Read BlogWe think there are many similarities between all the Fed tightening cycles, of course they all are different in ways as well. But the patterns are similar.
Read BlogAs we mentioned previously, the technicals have turned positive, but with a downward sloping 200-day moving average, which makes it likely that it will stall out.
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