Author Archives: Sam Wardwell

About Sam Wardwell

Sam Wardwell, CFA, is Senior Vice President and Investment Strategist at Pioneer Investments. He joined Pioneer in 2003.

Markets Dance to the Tune of the ECB

The European Central Bank (ECB) followed through on ECB president Mario Draghi’s pledge that it would re-expand its balance sheet by formally launching a quantitative easing (QE) bond-buying program which included sovereign bonds. In essence, it’s €60 billion/month from March … Continue reading

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How Did Switzerland and India Surprise Currency Markets?

Both the Swiss and Indian banks surprised the markets last week by moving between meetings – upsetting the de facto status quo of recent years where policy moves were only announced at formal meetings. The Swiss National Bank (SNB) dropped … Continue reading

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Equities Off to a Soft Start – Oil Story Continues to Unfold

Auto sales were strong in December, dominated by truck and SUV sales, as manufacturing continued to be solid. Unemployment ticked further downward to 5.6% but as a byproduct of lower employment participation. After reaching record levels in December, stocks began … Continue reading

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As 2014 Winds Down, the ‘Santa Claus Rally’ Rolls On

Final Q3 U.S. GDP growth was revised up 5.0% last week, at the fastest pace in 11 years (since Q3 2003). A revision up from 3.9% to 4.3% was expected. Through three quarters of the year – including the weather-impacted … Continue reading

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Fed Refreshes Punch Bowl Just in Time for Holidays

Last week U.S. oil plunged sharply then rebounded to end the week down just 1%. The Russian ruble had an even wilder run for the week ‑ down 25% at one point before recovering. Did oil find a bottom? U.S. … Continue reading

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