by John E. Charalambakis | Dec 23, 2014 | Commentaries, Uncategorized
The purpose of this commentary is not to convey our outlook for 2015. That will be forthcoming in two parts in the next couple of weeks. Rather its purpose is to express some concerns regarding clouds that are gathering in the investment horizon and which are molded...
by Joel Charalambakis | Dec 20, 2014 | Uncategorized, Weekly Market Update
Market Action Markets experienced their most turbulent week since the decline of mid-October. Going back to December 9th the Dow Jones lost close to 5% in the span of a week. Reasons for the decline are not entirely clear but talk of illiquidity, especially in...
by Joel Charalambakis | Dec 17, 2014 | Uncategorized
Geopolitical Headlines Russia Tension and fragility in Russia grow deeper every day and on a multitude of fronts. The precipitous decline of oil brings worry about the basic foundations of the Russian economy. Capital outflows have pressured the ruble to an all time...
by Joel Charalambakis | Dec 12, 2014 | Uncategorized, Weekly Market Update
Market Action The Dow Jones Industrial Average posted its second worst week of 2014 as it joined other major global markets in a selloff of equities. The sharp downturn was led by sectors most traditionally exposed to global events, namely the energy, materials and...
by John E. Charalambakis | Dec 8, 2014 | Commentaries, Uncategorized
We live in a delusion. We face a sea of risks and we contemplate if we need more debt. This is like asking a diabetic if he needs more sugar. The global economic system faces a good chance of collapse in the foreseeable future and we are wondering if Draghi’s moral...
by Joel Charalambakis | Dec 5, 2014 | Uncategorized, Weekly Market Update
Market Action A sterling jobs report released Friday morning pushed equities in the U.S. to overcome meager data unveiled earlier in the week. The addition of 321,000 jobs in November beat forecasts by more than 75,000. Mario Draghi disappointed a small segment of...