Weekly Market Outlook
For Institutional Investors Only
February 26, 2019
Glenn Williams Jr; CMT
215.280.8308
Glenn Williams Jr LLC
glenn@glennwilliamsjr.com
Weekly Update:
· Weekly summary of portfolio performance is outlined on pages 5, 6, and 7. Summit Materials (SUM) led the way, up 7.08% over the prior week. World Wrestling Entertainment (WWE) was the laggard this week, down 2.68%. Of note however is that WWE is up 130.05% over the last 12 months.
· My market regime filter (SPXT) once again shows that prices are above its 200 day moving average. As indicated in prior notes, when this condition is in place, I am likely to search for long opportunities.
· On a macroeconomic basis, If anything were to give my pause, it would be the narrowing between the 10 year treasury 2.67 and the federal funds rate 2.40. The impetus to buy 10 year treasuries could signal investor concerns about the demand for borrowed funds in the future. This could very well coincide with economic weakness. I’m not alarmed at this point, but something to keep an eye on.