by John E. Charalambakis | Jan 19, 2021 | Commentaries, Uncategorized
Last Thursday (January 14th), the team of the President-Elect proposed a new stimulus package close to $2 trillion. Within a few minutes, the markets reversed gains and ended the day down. The bond markets also sold off and the yields – while they were dropping in the...
by Rachel Poole | Jan 16, 2021 | Uncategorized, Weekly Market Update
Global Market News Global equities down on the weekGlobal equities were down on the week despite President-Elect Joe Biden’s proposal of another Covid-19 relief package. The yield on the US 10-year Treasury note changed little on the week, ending at 1.09%. The...
by Rachel Poole | Jan 14, 2021 | Uncategorized
Here is our take on the articles summarized below: While central bank policies and speculation have propelled markets to new highs in 2020, the global economy remains in a deep recession. The markets will not be able to rely on fiscal support forever and rising...
by The BlackSummit Team | Jan 12, 2021 | Uncategorized
“The best business is a royalty on the growth of others, requiring little capital itself.” – Warren Buffett “Simplicity is the ultimate sophistication.” – Leonardo da Vinci Leverage does wonders to a business, both on the way up and the way down. We see it reflected...
by Rachel Poole | Jan 9, 2021 | Uncategorized, Weekly Market Update
Global Market News Global equities continue their riseOverlooking the chaotic events in Washington D.C. this week, global equities made gains. The yield on the 10-year US Treasury note rose above 1.00% for the first time since the beginning of 2020, ending the week at...
by Rachel Poole | Jan 7, 2021 | Uncategorized
The world may be reaching another inflection point in the next few years. Instability (political, economic, social, financial) and upheaval may be reaching alarming levels. Consequently, the global balance of power may be shifting. The act of rebalancing the...