by Joel Charalambakis | Mar 11, 2017 | Uncategorized, Weekly Market Update
Market Action The U.S. added 235,000 jobs in February, far above the 198,000 that analysts and economists had estimated. The unemployment rate fell to 4.7% while labor force participation and wages both increased. All eyes will now be on the Federal Reserve this...
by Joel Charalambakis | Mar 4, 2017 | Uncategorized, Weekly Market Update
Market Action The Dow’s streak of closing at consecutive highs ended at 13 but shares still ended the week at further record levels. Markets added more than 1% on Wednesday following the President’s address to the nation as enthusiasm for prospective fiscal boosts and...
by Joel Charalambakis | Feb 25, 2017 | Uncategorized, Weekly Market Update
Market Action The Dow Jones has hit 11 consecutive closing highs, a streak that hasn’t been seen since 1987. Plans for tax reform this summer and higher GDP growth goals from the administration have helped fuel the rally. A number of economic indicators buoyed...
by Joel Charalambakis | Feb 18, 2017 | Uncategorized, Weekly Market Update
Market Action Another week and another set of new highs for major U.S. indices. The growth in stocks this week has pushed equities to their richest valuation (on a forward looking basis) since 2004. French bonds have been trading at double last year’s volume over the...
by Joel Charalambakis | Feb 11, 2017 | Uncategorized, Weekly Market Update
Market Action All three major U.S. indices hit record highs this week. Technology, Consumer Discretionary and other cyclical names led the way for the markets as enthusiasm for risk continues to grow. Crude oil prices were largely fell early in the week due to one of...
by Joel Charalambakis | Feb 5, 2017 | Uncategorized, Weekly Market Update
Market Action Markets ended the week strong in the U.S. but just missed posting gains across all three major averages. Earnings so far for corporations have come in strong with 65% of firms beating mean estimates. The U.S. jobs report showed a stronger labor market...