by Joel Charalambakis | Jul 15, 2017 | Uncategorized, Weekly Market Update
Market Action The Bank of Canada raised interest rates for the first time since 2010 this week from 0.5% to 0.75%. The tighter policy comes amidst upward revisions to forecasts for the country’s economic growth. The move will likely slow the country’s booming housing...
by Joel Charalambakis | Jul 9, 2017 | Uncategorized, Weekly Market Update
Market Action The U.S. economy added 222,000 in the month of June according to Friday’s employment report, which included an upward revision of to May’s report as well. While the number of jobs created easily surpassed expectations wages continue to diverge from the...
by Joel Charalambakis | Jul 1, 2017 | Uncategorized, Weekly Market Update
Market Action The Federal Reserve approved the capital plans of the 34 largest financial institutions in the U.S. The plans were the second half of the central bank’s annual stress test. The passing mark resulted in record increases in dividends and buybacks for some...
by Joel Charalambakis | Jun 24, 2017 | Uncategorized, Weekly Market Update
Market Action Healthcare stocks posted one of their strongest weeks of the year and now represent the second best performing group in 2017 so far. The rise coincides with release of the Senate’s healthcare bill, deemed to be more favorable to a number of industries...
by Laura Hochstetler | Jun 17, 2017 | Uncategorized, Weekly Market Update
Market Action World shares steadied on Friday after selling in the tech sector triggered their biggest fall in over a month, while the yen slid to a two-week low as the Bank of Japan signaled its stimulus was staying in place. Oil prices dipped this week to six-month...
by Laura Hochstetler | Jun 10, 2017 | Uncategorized, Weekly Market Update
Market Actions The British pound plunged to a seven-week low on Friday after Thursday’s snap election that cost Prime Minister Theresa May’s Conservative Party its majority in Parliament. Global equity markets rallied at first on Friday then dropped as...