by The BlackSummit Team | May 4, 2014 | 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 | May 2, 2014 | Weekly Market Update
Despite inflation surging in countries like Brazil and Russia, the global economic environment remains deflationary. Leaving aside the big deflationary trends such as aging, weak aggregate demand, stagnating real wages, etc., China is a big concern as its growth...
by Thierry Malleret | Apr 27, 2014 | Weekly Market Update
5 insightful op-eds or articles to help make sense of today’s world Martin Wolf, “A More Equal Society Will Not Hinder Growth” (Financial Times, April 24, 2014 – metered paywall) This is yet another review of Piketty’s much celebrated book (“Capital in the 21st...
by The BlackSummit Team | Apr 25, 2014 | 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....
by Thierry Malleret | Apr 22, 2014 | Weekly Market Update
5 insightful op-eds or articles to help make sense of today’s world Adair Turner, “The High-Tech, High-Touch Economy” (Project Syndicate, April 16, 2014) The financial pundit observes that we live in a hi-tech virtual world in which the value of the most physical...
by The BlackSummit Team | Apr 18, 2014 | Weekly Market Update
Market Action The US equity markets rebounded this week to effectively erase prior week’s losses in all areas save for technology. The Dow gained 381.79 points for the week while the S&P and NASADQ, both registered gains of 49.16 and 95.79 respectively. Technology...