Market and Economic Commentary - Week Ending 01/24/2020 Market Recap – Key Take-Aways for the Week Virtually all stock market and commodity indexes around the world declined last week. There was a flight to safety as the safe-haven Utilities, Government Bonds and Precious Metals were about the only asset classes to rise for the week. Two significant and troubling things happened last week. The first was a large rise in the VIX, also known as the “Fear Gage. The second was a large drop in the Baltic Dry Index. The CBOE Volatility Index (VIX) was up 20.33% for the week and was by far the largest increase in any asset class for the week. The large increase in the VIX was a significant development in the markets this week, as there has been a lack of fear or complacency in the markets for quite some time. The Volatility Index (or VIX) is created by the Chicago Board Options Exchange. The VIX represents the market’s expectation of the 30-day forward looking volatility. It is deriv...

Market and Economic Commentary - Week Ending 1/10/2020 Market Recap January 10th marks the end of the first full week of trading for 2020. In this week's report I will comment on the performance of Major World Market Indexes year-to-date as well as significant events in markets and economies around the world. In the United States year-to-date, the Morningstar US Total Market index is up 1.07%, the Dow 30 is up 1%, the S&P 500 is up 1.07%, the NASDAQ is up 2.30%, and the Morningstar US Small Cap Index is down 0.35. The CBOE Volatility Index, or VIX, (also known as the fear gage) is down 8.85%. In global markets, the Nikkei 225 is up 0.82%, the Hong Kong Hang Seng Index is up 1.59%, the Shanghai Composite is up 1.47%, the UK FTSE 100 is up 0.60%, and the German Dax is up 1.77%. In Major Commodities, Gold is up 1.025%, WTI Crude Oil is down 3.75%, and Brent Crude Oil is down 1.55%. In the Bond Market, the 10-year US Treasury Interest Rate declined from 1.919% at th...

BVA Value Momentum Portfolio Strategy - Year-to-Date Performance as of December 31, 2019: Year-to-date, the BVA Value Momentum Portfolio Strategy return is up 161.36% compared to an increase of 28.64% for the Morningstar US Market Index. The stocks on the strategy list currently have a price to fair value of .72 vs 1.04 for the Morningstar coverage universe. Since the 2008 financial crisis and ensuing great recession, central banks around the world, including the US Federal reserve, have flooded the markets with trillions of dollars of cash, simply by printing money. This has provided the liquidity to drive markets in the US to all-time record highs. In many cases stocks have risen to levels which are far beyond their estimated fair value. These actions by the US Federal reserve and other central banks have served to support both the economy and markets around the world. These actions, however, have also resulted in a global level of debt far higher than anything seen before in...

Year-to-Date Performance as of December 27, 2019 Year-to-date, the BVA Value Momentum Strategy Portfolio return is up 156.70 %, compared to an increase of 29.00 % for the Morningstar US Market Index. The stocks on the strategy list currently have an average price to fair value of .74 vs approximately 1.05 for the Morningstar coverage universe. US Weekly Market Summary - Week Ending 12/27/2019  The Standard & Poor's 500 index rose 0.6% this week to another all-time closing high as an advance led by the consumer discretionary and energy sectors extended the stock market's year-end rally to a fifth consecutive week. The S&P 500 is now up 29% for the year with just two trading days remaining in 2019. The consumer discretionary sector had the largest percentage gain for the week, up 1.5%. The energy sector gained 0.6%, while technology rose 1.1% and materials were up 0.6%. Utilities declined 0.4% for the week. European stocks closed mostly higher on Friday boost...

Year-to-Date Performance as of December 16, 2019 Year-to-date, the BVA Value Momentum Strategy Portfolio return is up 135.85%, compared to an increase of 27.10% for the Morningstar US Market Index. The stocks on the strategy list currently have an average price to fair value of .76 vs approximately 1.03 for the Morningstar coverage universe. December 17, 2020 Pre-Market Data US stock index futures were lower pre-market on Tuesday a day after Wall Street closed at all-time highs. At 7:23 a.m. eastern time, the Dow e-minis we're down 35 points, or 0.12%, while S&P 500 e-minis we're down 1.5 points, or 0.05%. NASDAQ 100 e-minis we're down 1.25 points, or nearly flat. Most stock indexes in Europe or lower on Tuesday morning, amid renewed a Brexit concerns.  Asian stock markets rose on Tuesday as the phase one trade deal between Washington and Beijing and better-than-expected data for China industrial output continued to boost investors' mood. Visit my Websi...

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 u...

The S&P 500 closed lower by 0.3% at 3,110.29, down from 3,120.46 last week. This marked the first weekly decline in seven weeks, as concern over the trade situation between the US and China emerged and sent stocks lower. The materials sector declined 1.7% week-to-week, while real estate lost 1.2%. The technology, industrials and consumer discretionary sectors each fell 0.8%. Energy declined 0.5%, communications services lost 0.4% and consumer staples fell 0.2%. The healthcare sector had the largest percentage increase of the week, up 0.8%, followed by a 0.5% advance for financials. Utilities increased by 0.2%. Friday’s Activity US Stocks Rebound on Friday Wall Street closed modestly in the green on Friday after President Trump told Fox News he was “very close” to a trade deal with China. Meanwhile, Chinese President Xi Jinping said Beijing wants to work a trade deal with the US but is not afraid to “fight back.” On the macro side, consumer sentiment for November came a...