Weekly Market Commentary

Enzo Pellegrino on August 26th, 2014

The Markets What do Harry S. Truman and Hindu goddesses have in common? Both were invoked to describe Federal Reserve Chairwoman Janet Yellen’s speech at the Jackson Hole Economic Policy Symposium last week. In her opening comments, Yellen confirmed the economy had improved and suggested more data was needed before the Fed could determine its […]

Weekly Market Commentary

Enzo Pellegrino on August 19th, 2014

The Markets If you have young children or grandchildren, you may have read “Alexander and the Terrible, Horrible, No Good, Very Bad Day” by Judith Viorst. Well, that’s what last week was like on the European continent from an economic perspective. Hopes of economic recovery were put on hold when gross domestic product (GDP) figures […]

Weekly Market Commentary

Enzo Pellegrino on August 12th, 2014

The Markets During the dog days of summer, a triple dip – three melting scoops of frozen goodness perched precariously on a waffle cone – can be delicious. There are other kinds of triple dips that are a lot less welcome, though. Just look at Italy. Last week, the Italian National Institute of Statistics released […]

Weekly Market Commentary

Enzo Pellegrino on August 5th, 2014

The Markets Last week, investors took a long look at the crazy quilt of information and events around the world and decided they didn’t like what they were seeing. Geopolitical tensions puckered a lot of seams: Conflict in Ukraine was embroidered with additional sanctions against Russia, difficulty investigating the downed commercial airliner in Ukraine, and […]

Weekly Market Commentary

Enzo Pellegrino on July 29th, 2014

The Markets Anchors aweigh! Put thoughts of the Frank Sinatra and Gene Kelly movie aside. If the Naval Academy fight song is playing in your head, tune it out. The anchors being raised here are setting adrift perceptions that government bonds are always low risk investments. Behavioral finance – a field of study that looks […]