by John E. Charalambakis | Nov 6, 2014 | Commentaries, Uncategorized
Searching for Escape in the Middle of Black Holes: On the Balkanization of the Markets Let’s start with defining the terms used in this commentary. A black hole is created when massive stars collapse. Once it is formed it keeps growing by absorbing mass from its...
by Thierry Malleret | Nov 3, 2014 | Uncategorized
The IMF meeting earlier this month was in somber mood. In the words of its managing director, Christine Lagarde, the global economic recovery is “brittle, uneven and beset by risks”. This suggests that the idea that global growth will be structurally low and...
by Joel Charalambakis | Nov 1, 2014 | Uncategorized, Weekly Market Update
Market Action Stock markets in the U.S. continued their surge over the past five days. An overall good earnings season and economic data pointing to a growing economy and stronger consumer buoyed markets. A surprise expansion of the Bank of Japan’s balance sheet on...
by John E. Charalambakis | Oct 27, 2014 | Commentaries, Uncategorized
The results of the EU-wide stress tests on banks are out. The EU banks seem to celebrate that all is well. Catastrophe was avoided. The capital that some of them would need to raise seem to be so low that a celebratory tone is raised in the sky. Tranquility needs a...
by Joel Charalambakis | Oct 25, 2014 | Uncategorized, Weekly Market Update
Market Action The major indices in the U.S. had one of their best weeks in the past two years with the S&P rising over 4% and the Nasdaq over 5%. Positive earnings reported from firms have taken the forefront of markets’ minds from previous concerns about...
by Joel Charalambakis | Oct 23, 2014 | Uncategorized
Geopolitical Headlines Ebola Global concerns over the spread of Ebola have accelerated over the past few weeks. Thomas Eric Duncan, the first patient diagnosed with the virus in the U.S. passed away and a nurse who treated him was also infected but has been cleared of...