Weekly Market Commentary

Enzo Pellegrino on January 27th, 2015

The Markets There may be potential for a reality television program starring central bankers and the making of economic policy. It could be called, ‘The Real Central Bankers of the European Economic Community.’ Just imagine the last two weeks’ episodes. Two weeks ago, the Swiss National Bank shocked markets by unpegging its currency and sending […]

Weekly Market Commentary

Enzo Pellegrino on January 20th, 2015

The Markets Central banks have been full of surprises lately, but not too many people saw this one coming. For aficionados of the board game Clue, here’s the gist of it: Thomas Jordan did it in Switzerland with monetary policy. Last week, Swiss National Bank (SNB) Chairman Thomas Jordan told the world the SNB would […]

Weekly Market Commentary

Enzo Pellegrino on January 13th, 2015

The Markets You may be enjoying the economic benefits of gas prices around two dollars a gallon, but last week investors were skeptical about the effect of low, low oil prices on companies’ performance during 2015. For the first time since the financial crisis, the price of crude oil dropped under $50 a barrel last […]

Weekly Market Commentary

Enzo Pellegrino on January 6th, 2015

The Markets “…bubbling crude; oil that is, black gold, Texas tea.” The decline in oil prices accelerated during the fourth quarter of 2014. The main culprit was a supply and demand imbalance. Increased production in the United States, which is currently the biggest oil producer in the world, means there is an ample supply of […]

Weekly Market Commentary

Enzo Pellegrino on December 30th, 2014

The Markets  With gas hovering around $2 a gallon in many parts of the country, chances are you’re smiling every time you fill up the tank. The oil price drop, which is one of the biggest stories of 2014, is a twist on a familiar tale. Rising supply (production in non-OPEC countries, like the United […]