by Joel Charalambakis | Mar 25, 2017 | Uncategorized, Weekly Market Update
Market Action The stock market’s streak of consecutive days without a 1% move down ended at 67 days, the longest streak on record. Politics is being blamed for the downturn as investors are reversing their “Trump trade” bets, fearing the President will not be able to...
by John E. Charalambakis | Mar 23, 2017 | Commentaries, Uncategorized
A recent investors’ survey done by Bank of America Merrill Lynch found that more and more investors believe that stocks are overvalued. Expectations about earnings, taxes, spending, and regulatory regime, have uplifted equities worldwide, but recently a sense of...
by Joel Charalambakis | Mar 18, 2017 | Uncategorized, Weekly Market Update
Market Action The Federal Reserve proceeded with another rate hike this week, just as markets expected. Chair Janet Yellen cited confidence in the progression of the economy’s fundamentals as the reason for the rate hike while affirming the expectation for two...
by John E. Charalambakis | Mar 15, 2017 | Commentaries, Uncategorized
Over the course of the last few months, we observe that not only developed markets have been enjoying good returns, but also emerging markets rise along with them. As the following graph shows the Global PMI Index (signifying manufacturing activity) is close to its...
by Joel Charalambakis | Mar 11, 2017 | Uncategorized, Weekly Market Update
Market Action The U.S. added 235,000 jobs in February, far above the 198,000 that analysts and economists had estimated. The unemployment rate fell to 4.7% while labor force participation and wages both increased. All eyes will now be on the Federal Reserve this...
by John E. Charalambakis | Mar 9, 2017 | Commentaries, Uncategorized
It seems that analysts around the world are singing from the same chorus book, called Reflation. If we could define the latter we would say that it refers to a cycle when incomes and spending are rising which in turn boost growth. It’s interesting to note that such...