by Joel Charalambakis | Jan 28, 2017 | Uncategorized, Weekly Market Update
Market Action The Dow crossed the illustrious 20,000 level this week, setting new highs in the process. Cyclical sectors dominated the markets, revitalizing bullish optimism. President Trump officially removed the U.S. from the Trans-Pacific Partnership this week and...
by Joel Charalambakis | Jan 22, 2017 | Uncategorized, Weekly Market Update
Market Action Defensive sectors (Consumer Staples, Telecommunications) led the market this week as stocks fell for the second consecutive week. Chinese GDP for 2016 grew at a rate of 6.7% according to data released Friday. While in the middle of the targeted range,...
by Joel Charalambakis | Jan 14, 2017 | Uncategorized, Weekly Market Update
Market Action Most major markets in the U.S., Europe and Asia slowed their rallies this week with U.K. the major exception. The country continues to benefit from a weaker pound lifting manufacturing and overall business activity. China’s trade surplus fell for the...
by Joel Charalambakis | Jan 8, 2017 | Uncategorized, Weekly Market Update
Market Action The first trading week of 2017 picked up where 2016 ended. Markets continue to rally being led by cyclical sectors such as Technology and Consumer stocks. While the unemployment report of 159,000 new jobs in December was below expectations, a 2.9% wage...
by Joel Charalambakis | Dec 18, 2016 | Uncategorized, Weekly Market Update
Market Action U.S. markets remained largely flat on the week as investors take a pause on the rally of the past several weeks. Volatility continues to stay muted as well. The Federal Reserve raised interest rates as expected this week. Members of the Fed are...
by Joel Charalambakis | Dec 10, 2016 | Uncategorized, Weekly Market Update
Market Action Another week brought a new set of all time highs for the stock market. Financials were again among the market’s leaders thanks to rising rates and indications of a less strenuous regulatory environment under a new administration. China’s foreign exchange...