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.

All Fairly Quiet on the Western Front

Last Week in the Capital Markets U.S. Equities: The S&P 500 quietly worked higher last week, ending up 1.2%. Materials (+2.8%) and Energy (+2.5%) led. Commodity prices were up last week, and mining companies liked the People’s Bank of China … Continue reading

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Another Week in the Goldilocks Zone

If this isn’t as good as it gets, it’s a lot better than it might have been: the world is swimming in cheap energy, the Eurozone isn’t in recession after all, consumer and business balance sheets are strong and Ebola … Continue reading

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Last Week: Headwinds for the ACA, Headway for U.S. Consumers

In a surprise decision last week, the Supreme Court decided to rule on a critical challenge to the Affordable Care Act (ACA). As you may recall, the language of the ACA explicitly stated that federal subsidies would be available to … Continue reading

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What Caused Risk Assets to Rally Last Week?

                The U.S. bond market’s flight to quality ended and the S&P 500 Index was up last week, as revenues and earnings continued to exceed expectations. What factors contributed to the rally in risk … Continue reading

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Last Week in the Capital Markets: Equities Bounce, Bonds Simmer Down

After four consecutive down weeks, the S&P 500 Index returned 4.2% last week – its biggest weekly gain since January 2013. Earnings reports (IBM and Amazon were notable exceptions) were generally above expectations (75% beating versus 66% normally), but a … Continue reading

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