Weekly Market Outlook
For Institutional Investors Only
March 19, 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 9, 10, and 11. WWE led the way, up 10.06%, followed by Technopro Holdings (10.02%). The laggard on the week Oisix, down 3.35%.
· Moving to the SPXT, the concern I’ve expressed in recent weeks has waned a bit (for the moment at least), as prices are currently above its 200 day moving average, in conjunction with increased momentum. As such, I am recommending another long idea today.
· On a macro level, this week I’ve also included charts (pgs 6-8), specific to GDP projections, current trade flows, as well as the “dot plot” from the most recent Fed meeting (indicating where Fed governors expect future interest rates to fall). Of note is that the implied Fed funds target rate for 2019 is 2.875%, rising to an implied rate of 3.125% for 2020.