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.

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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A Wild Ride in The Markets Last Week

Margin calls? A short squeeze? A panic? Whatever the combination, it was a wild ride in the markets last week. Bond yields rode a roller coaster, ending slightly lower. The Barclays Aggregate and BoA Merrill Lynch High Yield (MLHY) Indices … Continue reading

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When it Comes to the Markets, Maybe Some Rain is a Good Thing?

Not surprisingly, we’re seeing a market correction. My metaphor for this is – If you go a month without rain, you’re due for some, but there can be no certainty about when it will actually start raining. We’d gone a … Continue reading

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