Thursday, November 10, 2016

MVP SPY Update...11.10.16

With yields rising 20 year Treasuries (TLT) and utilities (XLU) are getting crushed while the DOW30 hits a new high and financials (XLF) rocket up while tech sectors like FANG get hit based on fears of reduced overseas sales.  Its a wild market with GE and IBM soaring while Apple, AMZN and Netflix retreat.  Needless to say trading solely on technical analysis is a risky proposition for a least the next 10 days or so. Even some of the smartest guys in the trading room are looking for new pastures.
Meanwhile. our MVP volatility buffered model has kept its head above water and although the returns have not be spectacular it has kept us on the right side of the market.