Broker Check

Blog

The SPG Group's trade rationales and monthly market commentary.  Also, topics of interest and maybe some random musings.

 

Tuesday, October 1, 2019

I haven't written a blog post in a while. (Please read this with a scarstic tone) There's nothing in the news lately, is there? Inverted yield curves Trilions of dollars (or Euros or Yen) worth of negative yielding bonds Tarrifs /...

 

Tuesday, March 26, 2019

Hindsight is 20/20, a well-worn saying to say the least. Things look obvious from the informed position of the future looking back, but why is foresight saddled with nearsightedness, cataracts and astigmatism? (Hint: It’s...

 

Thursday, January 31, 2019

WOW! What a month it has been. On the heels of a gut wrenching December (and 4th quarter for that matter), we had a rip roaring January. As we spoke about in the last of these write ups, it seems Fed Chair Powell sounded the "all...

 

Tuesday, January 8, 2019

After the market's fall continued into the New Year, investors were treated to The Fed giving the "all clear" message to investors, or so it would seem. Last Thursday (1/3/19), Dallas Fed President Kaplan went on Bloomberg TV and said...

 

Tuesday, October 30, 2018

For the stand along AQA portfolio: We sold Enersys (ENS) and purchased Citrix Systems (CTXS) For the portfolios we use "relative strength" to determine buys and sells: We sold Financials (XLF) for the newly created Communication...

 

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Tuesday, October 30, 2018

Market pullbacks are definitely unnerving. They are also part of the territory of investing in stocks. Another way of looking at Market Corrections is that they are a necessary evil. And while corrections are unnerving, our financial...

 

Tuesday, October 2, 2018

Portfolio Update: During a quiet September, the only portfolio changes were within the stand alone AQA portfolio. We sold Sonic Corp (SONC) on news that it was being bought out by Arby's and used the cash to open a position in Dave &...

 

Tuesday, July 31, 2018

In the diversified portfolios, we sold iShares S&P 500 ETF (IVV) and bought iShares India 50 ETF (INDY) due to changes in the measure of relative strength. Commentary: Are ETFs just “Plain Vanilla”? As the summer doldrums...

 

Tuesday, July 3, 2018

During June, we made the following changes: For the stand alone AQA portfolio: Sold Twenty-First Century Fox (FOXA) on news that management had agreed to Disney’s offer to purchase a number of their assets. Bought Kulicke and...

 

Thursday, May 31, 2018

During May, we had a number of transactions. In the stand alone AQA portfolio: We bought Verizon (VZ) and Axcelis Technologies (ACLS) as they had entered the Top 10 in the AQA Index. We sold Abaxis (ABAX) when the news broke that ABAX...

 

Tuesday, May 1, 2018

During April, even though the market continued to see large swings both up and down, we only had one signal for a trade. Within the AQA portfolio, we sold Alliance Data Systems (ADS). The proceedes from that sale will be held in cash...

 

Sunday, April 15, 2018

Maybe a better question, "What should we benchmark with?" Tools are incredibly useful, when used in an appropriate manner. Hammers are incredily efficient tools for putting nails into wood but a terrible choice if you're painting the...

 

Thursday, April 5, 2018

It’s now more than three months since the passage of one of the most sweeping tax law changes since TRA ’86, and with the passage of time we’ve had the opportunity to begin assessing some of the major impacts on our...

 

Thursday, March 29, 2018

Changes to the portfolios during March. In the diversified portfolios, we sold our holdings in the Matthews India fund and repositioned those dollars into the iShares Latin America ETF (ILF). We didn’t have any changes in the AQA...