Weekly Market Outlook
For Institutional Investors Only
March 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 6, 7, and 8. The Stars Group (TSG) had the strongest performance on the week, up 6.08%, while the weakest performer was XONE, down 13.82%
· On a macro level, the biggest news in my view is the recent inversion of the yield curve, something that was mentioned in the 2/26 and 3/5 notes. The inversion occurred on 3/22 (the first since 2007), and in my view largely contributed to weak performance in equities on the week. I’ve included a chart on pg 5 showing the current negative spread between the 3 yr and 10 yr treasuries, along with prior occurrences in 2000 and 2007, the significance being that both instances preceded economic recessions.