By: Joel Charalambakis | On: October 17, 2015 |
Market Action Stocks in the U.S. posted another week of gains and have largely recovered from their period of volatility in August. With the Fed Funds Futures and Bond Markets […]
By: Joel Charalambakis | On: October 9, 2015 |
Market Action Despite more data that questioned the health of the current macroeconomic environment asset markets had one of their best weeks in months. Energy and Materials, the two weakest […]
By: John E. Charalambakis | On: October 5, 2015 |
The Rolling Pyramid of Historical Financial Crises and the Moral Economic Imperatives: Distinguishing Causes from Symptoms We have noted in past commentaries that our global financial system moves from crisis […]
By: John E. Charalambakis | On: September 28, 2015 |
In the art of war (in the general spirit of geopolitical and geoeconomic diplomacy) the opponent’s greatest strength happens to be his greatest weakness. Let’s take a look at a […]
By: Joel Charalambakis | On: September 26, 2015 |
Market Action An upward revision to Q2 GDP growth from 3.7% to 3.9% couldn’t lift markets this past week. The downfall this week hit the Nasdaq especially hard as concerns […]
By: Joel Charalambakis | On: September 19, 2015 |
Market Action The September meeting of the Federal Reserve came and went without a change in monetary policy. Citing the effects on inflation from global weakness Janet Yellen still reiterated […]
By: John E. Charalambakis | On: September 17, 2015 |
The Fed decided earlier today to postpone the increase in short term rates citing global growth and disinflationary concerns. We believe that such concerns are overstated, at least for developed […]
By: Joel Charalambakis | On: September 12, 2015 |
Market Action In the week before a long anticipated Fed meeting markets calm relative to their recent actions over the past month. Data was mixed on the week, with Job […]
By: John E. Charalambakis | On: September 9, 2015 |
As we noted in our last commentary (http://stage.blacksummitfg.com/3181), we anticipate some volatility during the next few weeks, but we also expect it to subside and for the market to find […]
By: Thierry Malleret | On: September 8, 2015 |
The global economic outlook is becoming increasingly deflationary. The dual collapse in commodity prices and EM currencies, combined with and caused by the sharp deceleration in China, exerts strong deflationary […]
By: John E. Charalambakis | On: October 14, 2015 |
Financial Distress: Infatuations and Magnificent Illusions
In his 1984 Shareholder Letter, Warren Buffett wrote: “The corpse is supposed to file the death certificate. Under this ‘honor system’ of mortality, the corpse sometimes gives itself the benefit […]