PVG Market In A Minute - March 28, 2023
Inflation Report on Friday: Obviously, inflation is the big concern for the markets and how it relates to valuations and Federal Reserve monetary policy.
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Inflation Report on Friday: Obviously, inflation is the big concern for the markets and how it relates to valuations and Federal Reserve monetary policy.
Read BlogS&P 500 P/E of 17.7x 2023 and 15.5x 2024 consensus earnings estimates -Earnings will likely come down another 10% for both years - GDP will contract
Read BlogOur plan is to protect our portfolios and later this year, or next, benefit from a significant move up from a perhaps much lower level. Last week, the S&P 500 fell -4.6%
Read BlogWe stated last week, given the oversold condition of the market, that it was likely going to rise before it ultimately declined, and perhaps significantly.
Read BlogThe Personal Consumption Expenditures Price Index (PCE) reported last week came in hotter than expected. The market and the Fed were wanting
Read BlogThe markets have been driven by the technicals rather than the plethora of negative fundamental data. The positive technicals have forced investors back into the market. The disconnect is from several factors:
Read BlogAs much as the market would like to have a positive outlook, it is premature. The issues continue to be declining earnings, inflation,a restrictive Federal Reserve, valuations, and now the war is coming back into focus.
Read BlogChairman Powell speaks on Tuesday, will child show host Mr. Rogers show up again or will the character from the Jackson Hole Economic Symposium last August
Read BlogThis week is critical, as the market is at very important technical levels. Earnings last week were not good, better than feared for some and horrific for others.
Read BlogThe stock market is revising its valuation up due to more confidence the Federal Reserve is about done raising interest rates, which some investors believe will prevent the economy from entering a recession. This gives the market confidence that the earnings will not be as bad as expected, up slightly in 2023 and up more in 2024.
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