by John E. Charalambakis | Apr 6, 2020 | Commentaries, Uncategorized
OPEC+ was born in the midst of the last oil crisis about five years ago. It expanded the traditional cartel of 14 nations and included Russia, Mexico, Kazakhstan, and few other oil-producing nations, all of which now control about 55% of global production and about...
by Rachel Poole | Apr 4, 2020 | Uncategorized, Weekly Market Update
Market Action Global equities were lower on the week and US Treasuries continued their fall. The US 10-year Treasury note fell 0.18% to 0.58%. The oil sector had a bit of a rally causing the price of a barrel of West Texas Intermediate crude oil to rise $5.50 to $27....
by Joel Charalambakis | Apr 2, 2020 | Uncategorized
The major U.S. stock indices just closed their worst first quarter in history. And yet it’s not hard to find plenty of optimism thanks to the rally seen last week where some equity indexes rose by over 20% of their lowest point. Morgan Stanley, earlier this week,...
by Rachel Poole | Apr 1, 2020 | Crossroads, Uncategorized
North America The United States (US) Congress passed the largest economic relief package in US history in response to the coronavirus pandemic. The deal includes $300 billion allocated for cash payments to individuals, over $350 billion in loans for small businesses,...
by John E. Charalambakis | Mar 30, 2020 | Commentaries, Uncategorized
The authoritarians Spartans invaded the democratic Athens in the spring of 431 BCE. The Athenians evacuated their estates – as Themistocles had taught them half a century earlier – crowding into the walled city and watching smoke rise on their horizons as the Spartans...
by Rachel Poole | Mar 28, 2020 | Uncategorized, Weekly Market Update
Market Action Global equities rallied a bit this week as we had a few days of gains in the markets. However, markets continued to decline on Friday and many experts believe we are still in for major decreases as the COVID-19 crisis rages on. The yield on the 10-year...