Banish Pessimism
As the world turns their focus to UK politics, Conservative Party leadership hopeful, Andrea Leadsom says ‘let’s banish pessimists.’ The Guardian’s Andrew Sparrow reported early on that, Leadsom and Theresa […]
Brexit
What’s Next
Our post-Brexit breakout has positioned US equity markets to once again test 52-week highs – as unexpected as that may have seemed little more than a week ago. The Dow […]
The World has not Come to an End
The limitations of the immediate fallout from the “Leave” vote are already taking shape in some global equity and risk markets – less than a week after the historic referendum. […]
A Perspective on Brexit
I find it interesting to note that all the European bourses were open on Friday, the day following Britain’s historic vote to leave the EU. Britain’s FTSE fared best (relatively […]
UK is Out of the EU – What does it mean for the Fed?
“This bleeds through the EU (European Union) narrative in terms of its unity and its popularity,” said Peter Kenny, senior market analyst for Wall Street firm Global Markets Advisory Group. […]
Trust is on the Ballot
As expected, despite Monday’s pop in pricing and flurry of excitement, US and global equity markets glided into a rather uneventful pre-referendum close yesterday. The Dow Industrials (-0.28%), S&P 500 […]
Brexit Uncertainty Drives Volatility
Last week’s price action in US equity markets was dominated by a downshift in economic outlook by the FOMC, mixed US economic data, heightened concern over a “Yes” vote in […]
Fed on Hold
This past Monday morning, Kenny’s Commentary anticipated range bound trading. Including the previous Friday’s trade, the Dow Industrials have subsequently posted their first consecutive five-day losing streak since February. More importantly, […]
Expect Range Bound Trading
Brexit vs Bremain campaigns continue to dominate headlines as the Sterling slides to two-month low. We closed out last week with a distribution day as all three major equity market indices lost […]
How I See the Investing Landscape
Several significant themes have reemerged in recent trading sessions, in part as a follow through to last Friday’s disappointing Employment Report resulting in Monday’s talk given by Fed Chair Yellen, […]