Assessing the Outlook for 2024
John E. Charalambakis & Mohamed Ramzi Roshdi We all remember, not with the fondest memories, the market performance in 2022. The S&P 500 lost 19.4%, and even long-term government bonds performed badly (losing 31.2%) as interest rates kept rising. The...
Weekly Market Update
Global Market News Global equities cool Global equities cooled this week after a strong US jobs report pushed back the expected timeline on when the Federal Reserve would begin cutting rates. The Dow Jones and S&P 500 increased 0.01% and 0.21%, respectively, while...
Geopolitics & the Day After
As we enter the last month of 2023, we take a look at recent news items that have appeared in this year's final few weeks. We begin with the notable developments coming out of the COP28 climate summit hosted in Dubai. Next, we look at investors' sentiments around the...
The Wooden Nickel: What’s So Special About Nvidia?
The Wooden Nickel is a collection of roughly a handful of recent topics that have caught our attention. Here you’ll find current, open-ended thoughts. We wish to use this piece as a way to think out loud in public rather than formal proclamations or projections. 1....
Weekly Market Update
Global Market News Global equities make gains Global equities made gains this week. The Dow Jones and S&P 500 increased 2.42% and 0.77%, respectively, while the Nasdaq rose 0.38%. The US 10-year Treasury continued its decline, closing the week at 4.21%. The price...
Geopolitics & the Day After
As we enter into the last month of 2023, we are assessing some of the defining trends of this year which will undoubtedly shape 2024 as well. We begin with the status of the Chinese economy and its ongoing woes with its property sector which is leading to civil...
Oh My: Wild Market Moves and Geopolitical Hubris from Aeschylus to Shakespeare’s Coriolanus, Part II
Market bifurcation, as discussed in the previous commentary, is not an exclusive right of markets and geopolitical philosophy/practices. Ten days ago, OpenAI (the parent company of ChatGPT) demanded that right too, after first firing Sam Altman (one of the founders)...
CROSSROADS
At the Intersection of Geopolitics and Geoeconomics November 21, 2023 | Volume 6, Issue 10 | The BlackSummit Team Here is a summary of important events that unfolded over the last month, and which may affect economic, financial, and geopolitical issues in the months...
Weekly Market Update
The BlackSummit Team | November 18, 2023 Global Market News Global equities make gains Global equities made gains this week. The Dow Jones and S&P 500 gained 1.94% and 2.24%, respectively, while the Nasdaq rose 2.37%. The US 10-year Treasury fell several basis...
Geopolitics & the Day After
Fighting in the Gaza Strip between Hamas and Israel continues to escalate and the humanitarian crisis continues to worsen especially as hospitals and other civilian infrastructure have become stages for the conflict. This week, we assess the possibility of a two-state...
