by Joel Charalambakis | Sep 5, 2014 | Uncategorized, Weekly Market Update
Market Action Mario Draghi poured fuel onto the fire that has been lifting European equities. His announcement of further reductions in interest rates, including an even further negative deposit rate, along with a new program to purchase assets from banks directly...
by Joel Charalambakis | Aug 29, 2014 | Uncategorized, Weekly Market Update
Market Action Stocks posted their fourth consecutive week of gains in the United States this week, marked with the S&P’s milestone in crossing 2,000. While data released this week was mixed the markets continue to build momentum off of positive sentiment for the...
by Joel Charalambakis | Aug 27, 2014 | Uncategorized
5 insightful op-eds or articles to help make sense of today’s world Jim O’Neill, “Will the Calm in Global Markets Last?” (Bloomberg View, August 19, 2014) Goldman’s Sachs former chief economist thinks that the current “peculiar calm” that prevails in the markets...
by Joel Charalambakis | Aug 26, 2014 | Uncategorized
Today Blacksummit Financial Group introduces the creation of a new publication, its Geopolitical Journal. Drafted biweekly, our aim is to summarize and inform our readers of key geopolitical events gripping the globe. The issues touched upon may impact our...
by Joel Charalambakis | Aug 22, 2014 | Uncategorized, Weekly Market Update
Market Action All eyes this week were tuned to Janet Yellen in Jackson Hole, Wyoming as the annual congregation of key central bankers concluded on Friday. The statement from the Chairwoman overall was neutral. Mario Draghi of the ECB stressed the limits of ECB...