Weekly Market Outlook
For Institutional Investors Only
March 5, 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. TG Therapeutics (TGTX) was the largest gainer, up 37.7% on the week. By the same token, I view TGTX as a stock that we would have unloaded quite some time ago, given its 12 month performance (down 54.4%). The 2nd highest gainer last week was Cardiovascular Systems (CSII), up 13.74%, with the laggard being XONE (The ExOne Co), down 10.39% on the week.
· Breadth measures of the general market are still showing bullish signs, as the advance decline line is both moving higher, and above its 20 period moving average.
There was a mild expansion in the spread between the 10 year treasury rate and the federal funds rate (from 0.29 to 0.33). As mentioned last week any narrowing of that spread warrants monitoring