Weekly Market Outlook
For Institutional Investors Only
May 7, 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 8, 9, and 10. Impinj (PI) had the best performance on the week, up 34.61%. The laggard on the week was MRUS, which fell 13.28%.
Markets faced a bit of turmoil on Monday as the Trump administration threatened to increase tariffs on Chinese goods (from 10% to 25%) by week’s end. It’s difficult to tell how much of this is real, and how much is just verbal posturing. As it stands, while markets declined on Monday, it’s worth noting that the S&P 500 fell by less than 1% in trading. My market regime filter indicates that we should still be looking for long opportunities, and until that shifts, that’s what I will continue to do. There’s also an argument to be made that the reduction of imports (which would occur should tariffs increase) could provide a boost to quarterly GDP, which I also suspect could be a motivating factor