by Joel Charalambakis | Aug 26, 2016 | Uncategorized, Weekly Market Update
Market Action Stocks fell for the second consecutive week although markets remain quiet overall. Treasuries have been in their tightest trading range in years, the VIX sits far below its long-term average of 20 and equities haven’t moved more than 1% since early July....
by Joel Charalambakis | Aug 21, 2016 | Uncategorized, Weekly Market Update
Market Action U.S. stocks retreated slightly from their all time highs this week. Minutes from the Fed’s latest meeting revealed a divided committee while commentary from regional Presidents this week put the potential of a rate hike in focus. Futures markets still...
by Joel Charalambakis | Jul 24, 2016 | Uncategorized, Weekly Market Update
Market Action Another week of positive performance for U.S. equities comes in the midst of earnings season. So far, corporate profits have come in stronger than analyst expectations but still seem to be on track for the sixth consecutive decline. Of relief to market...
by Joel Charalambakis | Jul 16, 2016 | Uncategorized, Weekly Market Update
Market Action US equities followed up on last week’s highs by resoundingly breaking out of their range bound trading zone of the past couple of years to set brand new peaks. Financials led the rally thanks to interest rates bouncing sharply off their all-time lows as...
by Joel Charalambakis | Jul 2, 2016 | Uncategorized, Weekly Market Update
Market Action After another dismal trading session in the wake of the Brexit vote markets stormed a reversal and posted a strong gains on the week, including London’s FTSE which had its best week in years. Despite the risk-on attitude it was defensive sectors...
by Joel Charalambakis | Jun 26, 2016 | Uncategorized, Weekly Market Update
Market Action Despite recent polling data and betting markets strongly pointing towards a vote for remaining with Europe, “Brexit” became a reality. The U.K.’s choice to exit the European Union sent risky assets into a tail spin. Stocks sold off around the world on...