Weekly Market Commentary, October 27, 2015

October 27, 2015  | By Robare & Jones

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 before the announcement: “The ECB is already delivering a hefty stimulus to the Euro area, following decisions taken between June 2014 and early 2015. It … Read More

Weekly Market Commentary, October 20, 2015

October 20, 2015  | By Robare & Jones

The Markets How quickly emotions have changed since August. Worry? Angst? It’s already priced into the markets, according to some experts. Last week, Barron’s published the results of its Big Money Poll, a biannual survey of professional investors and money managers. A majority of those surveyed (55 percent) were bullish about U.S. markets’ prospects through June 2016, 29 percent were neutral, and 16 percent were bearish. That’s a big shift. Last spring, just 45 percent of those polled were bullish and … Read More

Weekly Market Commentary, October 13, 2015

October 13, 2015  | By Robare & Jones

The Markets Just a few weeks ago, on September 17, the Federal Reserve Open Market Committee (FOMC) decided to leave the fed funds rate unchanged. In part, this was because, “Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term.” The next day, September 18, stock markets tumbled. By the time September was over, many markets had closed on their worst quarter in four years, … Read More

Weekly Market Commentary, October 6, 2015

October 6, 2015  | By Robare & Jones

  The Markets The third quarter began with the first International Monetary Fund (IMF) default by a developed country (Greece) and finished with Hurricane Joaquin possibly headed toward the east coast. In between, China’s stock market tumbled, the Federal Reserve tried to interpret conflicting signals, and trade growth slowed globally. After such a stressful quarter, we may see an uptick in the quantity of alcoholic beverages consumed per person around the world. That number had declined (along with economic growth … Read More