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.

U.S. Economy: Soft Patch or Weakening?

Over the past six months, the dollar has appreciated around 15 percent against a basket of currencies. If sustained, the International Monetary Fund (IMF) estimates that U.S. GDP growth and inflation would each be around 1% lower than otherwise. In … Continue reading

Posted in Economy, Equity, Fixed Income, Industry Insights, Markets | Tagged , , , , | Leave a comment

Congress and the Economy Advance, Market Takes a Breather

Both the House and Senate passed budget resolutions but they still have to reconcile them. This is huge progress relative to the gridlock that prevailed in prior years. Additionally, the House passed “doc fix” legislation, which will end the annual … Continue reading

Posted in Economy, Equity, Markets | Tagged , , , , , | Leave a comment

Celebrate Good Times, Come On!

Last week the markets celebrated a dovish message from the Fed. The Fed says it is neither “patient” nor “impatient”… but doves were pleased. You can find the reaction of Pioneer’s Chief Investment Officer, U.S., Ken Taubes in his recent … Continue reading

Posted in Economy, Equity, Fixed Income, Markets | Tagged , , , , , , , , , , , , | Leave a comment

ECB QE Dominated Headlines – But Oil’s Drop was Bigger than Euro’s

As the European Central Bank’s Quantitative Easing Program started last week, the euro fell roughly 3% against the U.S. Dollar, Yen and Yuan, which were all roughly flat against each other. The euro, which had fallen from $1.21 at year-end to $1.12 … Continue reading

Posted in Economy, Industry Insights, Markets | Tagged , , , , , , , , , ,

Strong Jobs Report: Good for the Economy, Bad for Investors

Last week the Labor Department released another very strong jobs report.  That was good news for the economy, but bad news for investors.  Payroll employment rose 295k, with revisions of -18k and the trailing 6-month average of 293k is at a … Continue reading

Posted in Economy, Industry Insights, Markets | Tagged , , , , , , , , , , , ,