by Joel Charalambakis | Apr 9, 2017 | Weekly Market Update
Market Action Minutes of the Federal Reserve’s March meeting were released this week and portions of their content caught markets by surprise. There was wide agreement among board members that the central bank should begin shrinking its balance sheet by year end as a...
by Joel Charalambakis | Apr 2, 2017 | Weekly Market Update
Market Action Brexit is officially a reality as Theresa May invoked Article 50 to remove the United Kingdom from the European Union. The maneuver sets off two years of negotiations on issues such as trade and immigration that will influence the entire future of the...
by Thierry Malleret | Mar 31, 2017 | Weekly Market Update
March 2017 As in February, robust data continues to support the global synchronized economic recovery. A rise in global trade is taking hold (in volume terms, it just reached a 7-year high), with PMI / manufacturing activity above trend. So is consumer...
by Joel Charalambakis | Mar 25, 2017 | Weekly Market Update
Market Action The stock market’s streak of consecutive days without a 1% move down ended at 67 days, the longest streak on record. Politics is being blamed for the downturn as investors are reversing their “Trump trade” bets, fearing the President will not be able to...
by Joel Charalambakis | Mar 18, 2017 | Weekly Market Update
Market Action The Federal Reserve proceeded with another rate hike this week, just as markets expected. Chair Janet Yellen cited confidence in the progression of the economy’s fundamentals as the reason for the rate hike while affirming the expectation for two...
by Joel Charalambakis | Mar 11, 2017 | 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...