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...
by The BlackSummit Team | May 17, 2014 | Uncategorized, Weekly Market Update
Market Action A positive start to equities this week quickly reversed course by the time markets opened on Wednesday. Low US Retail Sales prefaced poor data from China and Australia and contraction in Europe. In addition private forecasters expect US Q1 GDP growth to...
by The BlackSummit Team | May 9, 2014 | Uncategorized, Weekly Market Update
Market Action Poor international data inspired a downward start this past week. PMI data from China indicated contraction while escalating Ukrainian instability and more punitive sanctions coming from Europe against Russia spooked equities A number of high profile...
by The BlackSummit Team | May 4, 2014 | Uncategorized, Weekly Market Update
Market Action Talk of M&A activity early in the week elevated markets as GE’s attempt to acquire Alstom and Pfizer’s bid for AstraZeneca dominated headlines. Stronger than expected data on Pending Home Sales also worked to move markets up Major economic data...
by The BlackSummit Team | Apr 25, 2014 | Uncategorized, Weekly Market Update
Market Action Equity markets started the week strong as a supposed agreement to deescalate tensions between Russia and Ukraine cooled risk concerns and paired with strong earnings reports, particularly from the technology sector, extended last week’s gains....