Last Friday I talked about the economic “calm before the storm” week, but the opposite was true for weather related incidents during this week. Storm Sandy has halted US market activities for the past two days and finally things are from a market perspective back to normal and Sandy didn’t had any major effects on[…]
Dear PGM Capital Blog readers, First of all we would like to use this opportunity to express our deepest sympathy to all those people who have been affected by storm Sandy, that hit the North Eastern States of the USA, on Monday 29 2012. What the USA media based on sensation called “Super Storm Sandy”[…]
Dear PGM Capital Blog readers, This weekend I would like to use the opportunity to talk with you about the USA-fiscal cliff and coming debt ceiling. During a speech before the House financial Service committee at the end of February 2012, the USA Fed chairman Mr. Ben Bernanke, was the first person to use the term “fiscal cliff”. Full story: The[…]
Red markets throughout the day with the exception when the US GDP numbers where released this morning. The US GDP numbers gave the markets a short boost, but that was erased later by still worrying earnings numbers and a weakening global economy. At the end of the day the US markets had a last minute[…]
Today we had a modest rebound in the markets. The positive GDP numbers from the UK helped to boost the markets and there was some optimism. The US markets ended slightly in the green but sentiment was neutral, due to mixed earnings. Commodities had a better day and precious metals eliminated some of the losses[…]
A day that made nobody any wiser. In Europe Mario Draghi was talking about deflation risk and in the US Ben Bernanke was talking about short-term inflation risk. The FOMC meeting just confirmed their September easing actions, but nothing else was to be expected this close to the election in 2 weeks. At the end[…]
Markets had a huge sell off today due to more disappointing earnings data and worries of a slowing global economy. Markets all over the board closed with major losses and two exceptions again were the US Dollar and the VIX index. There is concern that QE3 didn’t do anything to boost the US economy and[…]
The markets were very mixed today with the European Markets closing negative and the US markets making a last minute rebound and closing positive in the end. There was a lot of pressure today due to weak earnings performance from the US, but at the end Apple saved the day. Commodities were negative throughout the[…]
Dear PGM Capital Blog readers, On Thursday, October 18th 2012, after the bell, Souther Copper Corporation (NYSE: SCCO, ISIN US84265V1052) announced a blockbuster Q3-2012, dividend of USD 2.75 a share payable on November 21st 2012, to shareholders of record on November 8th 2012. This Q3-2012 dividend payment will be the company’s highest dividend payout ever. Source: About the[…]
An absolute killer day on the markets and some investors might have thought to celebrate the 25th anniversary of Black Monday with a nice sell off 🙂 Jokes aside, the US markets had a major down correction, which was based on multiple missed earnings and failed aid for Spain at the EU summit. This market[…]