by The BlackSummit Team | May 4, 2014 | Uncategorized, Weekly Market Update
Market Action Talk of M&A activity early in the week elevated markets as GE’s attempt to acquire Alstom and Pfizer’s bid for AstraZeneca dominated headlines. Stronger than expected data on Pending Home Sales also worked to move markets up Major economic data...
by The BlackSummit Team | May 2, 2014 | Uncategorized
Despite inflation surging in countries like Brazil and Russia, the global economic environment remains deflationary. Leaving aside the big deflationary trends such as aging, weak aggregate demand, stagnating real wages, etc., China is a big concern as its growth...
by John E. Charalambakis | Apr 29, 2014 | Commentaries, Uncategorized
Early this morning I was listening to the announcement about Deutsche Bank’s (DB) profits, which came in “better than expected” and hence its stock price gained more than 2% for the day. It is always a pleasure to honor and recognize prudential banking professionals,...
by Thierry Malleret | Apr 27, 2014 | Uncategorized
5 insightful op-eds or articles to help make sense of today’s world Martin Wolf, “A More Equal Society Will Not Hinder Growth” (Financial Times, April 24, 2014 – metered paywall) This is yet another review of Piketty’s much celebrated book (“Capital in the 21st...
by The BlackSummit Team | Apr 25, 2014 | Uncategorized, Weekly Market Update
Market Action Equity markets started the week strong as a supposed agreement to deescalate tensions between Russia and Ukraine cooled risk concerns and paired with strong earnings reports, particularly from the technology sector, extended last week’s gains....
by John E. Charalambakis | Apr 23, 2014 | Commentaries, Uncategorized
This commentary serves as an initial attempt to explain the financial crisis, the current market upswing, and the potential brewing crisis which in a few years time could change the economic landscape for generations to come. Here is the thesis of this commentary: So...