BVA Strategy Performance - Market and Economic Update – Week Ending November 30, 2019

Len Martinez BVA Website:
www.bullvalleyadvisors.c

 BVA Value Momentum Strategy Year-to-Date Performance
As of November 30, 2019

Year-to-date, the strategy return is up 126.2%, compared to an increase of 25.3% for the Morningstar US Market Index.
I continue to find more attractive value in smaller cap stocks, vs large cap stocks.
The stocks on the strategy list currently have an average Price to Fair Value of .70 vs approximately 1.02 for the Morningstar coverage universe.
Data is derived from sources considered to be reliable including Morningstar, StockCharts.com, YAHOO Finance, FINVIZ, TipRanks, Investing.com and S2O. Results are not guaranteed. The data is shown for informational purposes and should not be considered investment advice or an offer to buy or sell securities.

Market and Economic Update – Week Ending November 30, 2019

The Standard & Poor's 500 Index was up 1% for the week-ended November 29, 2019. For the month of November, the Index was up 3.4%. The index closed Friday's session at 3,140.98, up from last week's closing level of 3,110.29.
The consumer-discretionary sector had the largest percentage gain of the week, up 1.8%. The technology sector had the next-largest gain, up 1.7%. Just two sectors were down for the week: energy, off 1.5%, and utilities, down 0.03%.
Earlier in the week, new data on household spending and orders for long-lasting factory goods suggested the U.S. economy is heading into the holiday season on solid ground. The government also reported the economy expanded at a slightly better pace than initially estimated in the third quarter.

Week Ahead

Next week the US jobs report will be keenly watched, alongside ISM PMIs, foreign trade balance, construction spending, factory orders and the preliminary estimate of Michigan consumer sentiment.
The US will be publishing its highly anticipated jobs report, with market forecasts pointing to a payroll increase of 183 thousand in November, after a larger-than-expected 128 thousand rise last month.

 Len Martinez BVA Website:
www.bullvalleyadvisors.com


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