Market Commentary

  • November 1, 2015

    The Markets Central banks were at it again – and markets loved it. Last week, European Central Bank (ECB) President Mario Draghi surprised markets when he indicated the ECB’s governing council was considering cutting interest rates and engaging in another round of quantitative easing. The Economist explained European monetary policy was heavily tilted toward growth […]

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  • August 31, 2015

    The Markets U.S. stock markets finished last week higher than they started it, but the five-day ride was awfully bumpy. Concerns about China’s slowing growth, shifting currency valuations, and falling stock markets, coupled with uncertainty about the Federal Reserve’s next policy move, contributed to malaise in world markets early last week. After falling by about […]

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  • May 18, 2015

    The Markets The U.S. Treasury market is a bit like a lake in the midst of a drought. All the action – fish, frogs, crawdads, and such – that was once hidden in the depths has become a lot more visible as the water shallows. For decades, traders and investors have turned to U.S. government […]

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  • April 20, 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 That’s a significantly lower number […]

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  • April 13, 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. […]

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  • March 9, 2015

    The Markets Last week was one of those weeks: When good news triggered not-so-good news. According to Barron’s: “The February jobs report, showing a 295,000 gain in nonfarm payrolls, about 60,000 more than predicted by economists, plus a dip in the unemployment rate to 5.5 percent evidently was enough to convince the markets that a […]

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  • March 3, 2015

    The Markets 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 money. The New York Times reported: “The most profound changes are taking place in Europe’s […]

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  • February 23, 2015

    The Markets It was all Greek to investors. After debating for weeks Eurozone leaders found grounds for compromise and Greece became the beneficiary of a four-month extension to its current aid package. The deal was contingent on Greece coming up with a list of economic reforms by this Monday for European leaders to approve. World […]

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  • February 9, 2015

    The Markets What’s in an employment report? Last week, the U.S. Bureau of Labor Statistics’ Employment Situation Summary was full of encouraging data. Employment numbers for last November and December were revised higher which made 2014 the strongest year for job growth since 1999. However, 2015 isn’t off to a shabby start. The economy added […]

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  • February 2, 2015

    The Markets January did not turn out to be the best month for U.S. stock markets. At the end of the month, the Standard & Poor’s 500 Index was down about 3.1 percent and the Dow Jones Index was down 3.69 percent. Before you start listening to the media and internet “experts” think back to […]

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