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 […]

Weekly Market Commentary

Enzo Pellegrino on March 17th, 2015

The Markets Franklin D. Roosevelt’s first inaugural address was delivered in 1933 in the midst of the Great Depression. He said, “This great Nation will endure as it has endured, will revive and will prosper. So, first of all, let me assert my firm belief that the only thing we have to fear is fear […]

Weekly Market Commentary

Enzo Pellegrino on March 10th, 2015

The Markets If you looked at last week from the perspective of the children’s book, If You Give a Mouse a Cookie, it might have gone like this: If you give the United States a positive employment report, Investors are going to ask whether interest rates will move higher. When they conclude the Federal Reserve […]

Weekly Market Commentary

Enzo Pellegrino on March 3rd, 2015

The Markets “Well, I never heard it before,” said the Mock Turtle; “but it sounds uncommon nonsense.” It was an Alice in Wonderland week. European countries, companies, and entrepreneurs were getting paid to borrow money, and ordinary Joes with money in some European banks got letters saying the banks would be charging to hold their […]