Weekly Market Commentary

Enzo Pellegrino on April 21st, 2015

The Markets It’s a topsy-turvy world. In the United States, during the last quarter of 2014, about seven million (13 percent) of all mortgaged residential properties were underwater, meaning the mortgage loan amount was at least 25 percent higher than the estimated market value of the property, according to RealtyTrac.com. That’s a significantly lower number […]

Weekly Market Commentary

Enzo Pellegrino on April 14th, 2015

The Markets How much is one trillion? If you waited one trillion seconds, it would take 31,688 years. If you had a trillion dollars, and spent $10 million a day, it would take 273 years to go broke. If you taped $100 bills end-to-end, you could wrap the earth 41 times with $1 trillion dollars. […]

Weekly Market Commentary

Enzo Pellegrino on April 7th, 2015

The Markets The global economy performed a bit like a Rube Goldberg contraption during the first quarter of 2015, although it’s doubtful many countries found humor as economic, financial, and political events triggered other economic, financial, and political events across the world. Europe heads into deflation “The whiff of deflation is everywhere,” reported The Economist […]

Weekly Market Commentary

Enzo Pellegrino on March 31st, 2015

The Markets So, when is the Federal Reserve going to increase the rate for overnight borrowing? It’s a question that has plagued bond investors throughout the first quarter of 2015. In January, 10-year Treasury yields fell as low as 1.6 percent. Early in March, they rose to about 2.2 percent before falling back below 2.0 […]

Weekly Market Commentary

Enzo Pellegrino on March 24th, 2015

The Markets Financial markets gave the Federal Reserve a standing ovation last week. At least, that was Barron’s interpretation. What did the Fed do to deserve it? “…the Fed did what everyone expected, signaling that it could raise interest rates at any meeting starting in June. Yet, Yellen and team still found a way to […]