Capital Markets Weekly Update

Things That Make You Go Hmm… by: George Boyan Markets are diverging. Political leaders are warning against a ‘dark winter’ as COVID cases are peaking around most of the country. However, markets are looking past the current figures to the promise of a highly effective vaccine and apparent advancements in therapeutics that have the mortality … Read more

Capital Markets Weekly Update

Macro Commentary: Election Day Tuesday. Fed meeting Thursday. Payrolls Friday. It was a busy week last week. As expected, election results were not immediately following Election Day due to the complications of voting during a pandemic and the tabulation of mail-in votes. But on Saturday most news sources were calling the race for Joe Biden … Read more

Capital Markets Weekly Update

Things That Make You Go Hmmm… By: George Boyan Leumi USA Capital Markets is ready and able to facilitate any client transactions ahead of Election Day, but the most likely scenario is that we will not know the outcome for several more days.  The Supreme Court of the United States has granted several states, including … Read more

Capital Markets Weekly Update

Macro Commentary: By: Ariel Segal Speaker Pelosi’s Tuesday deadline came and went last week and talks continue, but most investors have lost hope for a deal to happen before the Nov. 3 election. The U.S. Department of Justice opened an anti-trust case against Google on Tuesday, alleging that the search engine engaged in anticompetitive abuses … Read more

Capital Markets Weekly Update

Macro Commentary: By: Ariel Segal Initial jobless claims increased unexpectedly on Thursday, surpassing estimates by 73k and hitting its highest level since August 21st. Increasing virus cases, colder weather reducing demand for outdoor dining, and recent airline job cuts are all possible contributors. However, continuing claims was reported to be lower than estimates, falling by … Read more

Capital Markets Weekly Update

Things That Make You Go Hmmm… By: George Boyan U.S. Nonfarm Payrolls recorded a gain of 661 thousand jobs for the month of September, missing expectations of 859 thousand.  Also, the unemployment rate ticked down from 8.4% to 7.9%.  Cumulatively, the U.S. economy has recovered 11.4 million of the 22.2 million jobs lost during the … Read more

CAPITAL MARKETS WEEKLY UPDATE

Things That Make You Go Hmmm… By: George Boyan Every four years, the uniquely American Presidential election causes the political climate in the United States to heat up.  Last week President Trump and former Vice President Joe Biden took to the stage to make their case to the American people.  Just a few days later, … Read more

Capital Markets Weekly Update

Macro Commentary:  CPI month-over-month beat expectations last week on Friday, coming in at 0.4%. This larger than expected increase in prices was driven by the sharpest monthly gain in used-vehicle in five decades. This data reflects the steady increase of demand and recovery of the economy to pre-pandemic levels of inflation. 16,750 firefighters were fighting … Read more

Reading List

Greetings, Welcome to the latest edition of Leumi’s Reading List.  I hope that you and your loved ones are healthy and out of harm’s way.    From this morning’s New York Post:  “Amid a pandemic, economic woes and a raging campaign season, as well as nationwide and too-often-violent protests, New Yorkers, and all Americans, should … Read more

Capital Markets Weekly Update

Macro Commentary:  This past Friday, Nonfarm Payrolls increased by 1371k, in line with expectations. The unemployment rate was 1.4% lower than expectations at 8.4%. These employment numbers continue to reflect growth from the peak of joblessness in April, which was nearly 15%. Today, Senate Majority Leader said that he will be preparing a vote on … Read more