Weekly Market Commentary

Enzo Pellegrino on July 22nd, 2014

The Markets Events of the last week could have been plot elements in a Tom Clancy novel. Tragically, they were real and ratcheted geopolitical tensions higher around the globe. On Wednesday, the United States toughened sanctions against Russia. Bloomberg.com reported the new sanctions prevent specific Russian companies from “…accessing U.S. equity or debt markets for […]

Weekly Market Commentary

Enzo Pellegrino on July 15th, 2014

The Markets Germany may have clobbered Brazil in the World Cup quarterfinals last week, earning a chance to become the first European team to win the event in Latin America, but things back home in Europe weren’t quite so rosy. First, a sizeable Portuguese bank startled investors when it failed to make an interest payment […]

Weekly Market Commentary

Enzo Pellegrino on July 8th, 2014

  The Markets Happy birthday, United States of America! U.S. stock markets gave Americans plenty of reason to celebrate over the Fourth of July weekend. The Dow Jones Industrials Average earned ‘oohs’ and ‘ahhs’ from investors and pundits as it shot above 17,000 last week (a significant gain from March 2009 when it traded in […]

Weekly Market Commentary

Enzo Pellegrino on June 24th, 2014

The Markets The Federal Open Market Committee (FOMC) press release wasn’t quite as catchy as España Cañí — the Spanish song played to rile crowds at events as varied as baseball games and bullfights — but it helped motivate investors as they pushed American stock markets higher last week. The markets’ optimistic surge was a bit difficult […]

Weekly Market Commentary

Enzo Pellegrino on June 17th, 2014

The Markets Investors remain oddly complacent even in the face of unexpected events that have the potential to disrupt global markets. Last week, news media reported civil war in Syria has boiled over into Iraq, and ISIS (Islamic State of Iraq and Syria), a Sunni extremist group, has seized control of hundreds of square miles. […]