About Peter Kenny

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So far Peter Kenny has created 56 blog entries.

Banish Pessimism

Early morning equity market weakness yesterday gave way to a late afternoon reversal largely as a result of the release of the June FOMC minutes. The Nasdaq posted a gain of 0.75% while the Dow Industrials rose 0.43% and the S&P 500 rose 0.53%. Volume on both the Nasdaq and NYSE expanded by a healthy [...]

By |2016-07-08T15:17:44+00:00July 8th, 2016|Uncategorized|

The world has not come to an end

The limitations of the immediate fallout from the "Leave" vote are already taking shape in some global equity and risk markets - less than a week after the historic referendum. Despite all the angst, table pounding and rabble-rousing that defined the days leading up to and immediately following the vote, global markets have already regained [...]

By |2016-06-30T15:47:44+00:00June 30th, 2016|Uncategorized|

IMF’s Zhu Min to leave in July: Here is how he has changed the financial world

Global Market Advisory Group Senior Market Strategist Peter Kenny was lead contributor to this fascinating article about Zhu Min, current Vice President of the International Monetary Fund. The original article is in Chinese so you may need to click on the translate button at the top of your browser to read it. http://finance.qq.com/a/20160622/013467.htm Zhu Min, [...]

By |2016-06-22T15:08:00+00:00June 22nd, 2016|Uncategorized|

Brexit Uncertainty Drives Volatility

Last week's price action in US equity markets was dominated by a downshift in economic outlook by the FOMC, mixed US economic data, heightened concern over a "Yes" vote in the UK's referendum on European Union membership and as a result, souring of investor enthusiasm. In fact, four out of five trading sessions on the [...]

By |2016-06-21T15:57:30+00:00June 21st, 2016|Uncategorized|

Five Days and Counting

Including the previous Friday's trade, the Dow Industrials have subsequently posted their first consecutive five-day losing streak since February. More importantly, US equity markets reversed lower on a day when the Fed not only left rates unchanged but also lowered expectations for the potential number of raises this year. Rather than rally in response, as [...]

By |2016-06-16T16:24:46+00:00June 16th, 2016|Uncategorized|

It’s Déjà Vu all Over Again

In recent weeks, the long simmering Greek debt crisis narrative, long forgotten by most investors, has resurfaced. This week, Greece will enter a new stage of potential uncertainty as her creditors will decide whether or not still more time and accommodation is needed in order for Greece to receive the next tranche of aid. The IMF and ECB will [...]

By |2016-05-09T13:01:14+00:00May 9th, 2016|Uncategorized|

Welcome news for investors from an unexpected source

Investors around the globe have increasingly become conditioned to the need for monetary easing, quantitative accommodation and central bank coordination to fight off the specter of negative growth - in particular since the great recession. Different regions of economic dynamism have all needed it to one extent or another and the baselines rationales for accommodation have varied [...]

By |2016-05-03T04:29:21+00:00May 3rd, 2016|Uncategorized|

The Federal Reserve’s April FOMC Announcement not likely to surprise

This Wednesday afternoon at 2:00 EST, the Federal Open Market Committee is scheduled to release it's interest rate announcement. Few if any market participants are expecting much in the way of surprises. Interest rates will remain unchanged until the next FOMC Meeting and the commentary that accompanies it will speak to a balanced road map [...]

By |2016-04-25T12:21:10+00:00April 25th, 2016|Uncategorized|