Sep30

BlackRock’s Russ Kosterich Addresses Last Week’s Market Selloff.

Posted by Mark Pettinga

 

A Challenging Week

Last week stocks suffered their worst pullback since the summer. The Dow Jones Industrial Average fell 0.96% to close the week at 17,113, the S&P 500 Index lost 1.4% to 1,982 and the Nasdaq Composite Index declined 1.46% to 4,512. Meanwhile, … Read More »

 
 
Sep29

Dow Off 1% for Week on Global Growth Jitters.

Posted by Mark Pettinga

Stocks closed out a rough week with a buoyant Friday, but the mini-rally wasn’t enough to make up for poor performances earlier. All the major indexes fell 1% or more. Like the previous week, large-cap stocks outperformed small caps, but this time they … Read More »

 
 
Sep22

BlackRock Expects Rates to Rise in 2015.

Posted by Mark Pettinga

Please find below Rick Rieder’s (Portfolio Manager on BlackRock’s Strategic Income Opportunities Fund) comments from Friday around the Fed’s recent meeting.

More importantly than whether the Fed’s recent policy statement was “dovish” or “hawkish,” the statement provided five signs that a Fed rate hike is … Read More »

 
 
Sep15

Good News Is Bad News as Rate Fears Rise

Posted by Mark Pettinga

The sun will come out in November. That’s the hope. Until then, the Wall Street weather report is for seasonal clouds and rain, as investor concerns over rising interest rates intensify.

Last week, stocks fell about 1% after five consecutive weekly … Read More »

 
 
Sep02

The Market Moves Higher Despite Geopolitical Concerns.

Posted by Mark Pettinga

“What, me worry?” In the face of escalating geopolitical tensions, the stock market offered the rallying cry made famous by Mad magazine’s Alfred E. Neuman. Apart from a brief slip Thursday, after Ukraine accused Russia of invasion, the market was so unfazed that … Read More »