by Joel Charalambakis | Jun 27, 2014 | Uncategorized, Weekly Market Update
Data out of the US was mild at best this week. Regardless the Dow and S&P 500 posted small losses while the Nasdaq gained. Q1 GDP was revised down to -2.9%, a wide miss from the expected -2% and the original -1% posted. Mortgage data, durable goods orders and...
by Joel Charalambakis | Jun 20, 2014 | Uncategorized, Weekly Market Update
Market Action Equities in the US returned to posting gains this week despite data that continues to portray a mixed recovery. Fed Chairwoman Yellen indicated a growing consensus in the FOMC of moving up the timeline for the first rate increase but lowering...
by Joel Charalambakis | Jun 13, 2014 | Uncategorized, Weekly Market Update
Market Action Stocks in the US ended their positive run with a down week. Data such as retail sales and consumer confidence were disappointing relative to expectations. Escalated turmoil in Iraq and Syria cooled risk taking sentiment. Energy markets saw big gains on...
by The BlackSummit Team | Jun 7, 2014 | Uncategorized, Weekly Market Update
Market Action Equities in the US closed at all time highs as the nation continues a slow but steady recovery. The jobs report published on Friday slightly beat expectations and revealed that the US economy has recovered all jobs lost during the Financial Crisis,...
by The BlackSummit Team | May 31, 2014 | Uncategorized, Weekly Market Update
Market Action US equity markets closed the month of May posting gains. It marks the fourth month in the year that stocks have posted gains. The S&P 500 and Dow Jones closed Friday at record highs Despite gains in equities the week was marked by considerable...
by The BlackSummit Team | May 25, 2014 | Uncategorized, Weekly Market Update
Market Action Stock markets in the US posted their first gains in three weeks. The S&P 500 closed at a record high on Friday despite little in the way of earnings or economic news this past week. US Treasury Bonds dominated market commentary early in the week as...