November 17, 2017

For the week ending 17 November 2017

  • GOP tax bills passed by House, Senate committee
  • Japan economy expands for 7th quarter
  • Eurozone reports solid growth, inflation pace slows
  • ECB warns economy still reliant on stimulus


Global equities edged slightly lower this week amid an uptick in volatility. Yields on benchmark US 10-year Treasury notes slipped 3 basis points, to 2.35%, while the price of a barrel of West Texas Intermediate crude oil fell about $1 to $56.10. Volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), rose to 11.60 from 11.10 a week ago, but traded as high as 14.5 at midweek.

For the week ending 17 November 2017

  • GOP tax bills passed by House, Senate committee
  • Japan economy expands for 7th quarter
  • Eurozone reports solid growth, inflation pace slows
  • ECB warns economy still reliant on stimulus


Global equities edged slightly lower this week amid an uptick in volatility. Yields on benchmark US 10-year Treasury notes slipped 3 basis points, to 2.35%, while the price of a barrel of West Texas Intermediate crude oil fell about $1 to $56.10. Volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), rose to 11.60 from 11.10 a week ago, but traded as high as 14.5 at midweek.

November 10, 2017

For the week ending 10 November 2017

  • Congress reworking tax proposals
  • Trump inks China trade deals
  • Saudi corruption probe, regional tensions boost oil
  • NY Fed chief announces retirement
  • China central bank head voices qualms over high leverage
     

Global equities reached all-time highs at midweek before backing off slightly ahead of the weekend. Yields on US 10-year Treasury notes rose modestly, trading at 2.38% Friday morning versus 2.34% a week ago. Oil gained ground amid uncertainty surrounding Saudi Arabia and Venezuela, climbing to $57.20 per barrel from $54.60 last week. Volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), rose to 11.11 from 9.5 last week.

November 10, 2017

For the week ending 10 November 2017

  • Congress reworking tax proposals
  • Trump inks China trade deals
  • Saudi corruption probe, regional tensions boost oil
  • NY Fed chief announces retirement
  • China central bank head voices qualms over high leverage
     

Global equities reached all-time highs at midweek before backing off slightly ahead of the weekend. Yields on US 10-year Treasury notes rose modestly, trading at 2.38% Friday morning versus 2.34% a week ago. Oil gained ground amid uncertainty surrounding Saudi Arabia and Venezuela, climbing to $57.20 per barrel from $54.60 last week. Volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), rose to 11.11 from 9.5 last week.

November 3, 2017

For the week ending 3 November 2017 

  • Powell nominated as Fed chair
  • October US payrolls rebound
  • GOP unveils tax bill
  • BOE raises rates for first time since 2007
  • Fed keeps rates unchanged, December hike foreseen


Global equities set record highs again during the week, against a backdrop of solid economic and earnings growth. Yields on US 10-year Treasury notes edged lower, trading at 2.34% versus 2.42% a week ago. The price of a barrel of West Texas Intermediate crude oil firmed by around $2 to $54.60 this week. Volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), declined to 9.50 from 10.8 last week.

For the week ending 3 November 2017 

  • Powell nominated as Fed chair
  • October US payrolls rebound
  • GOP unveils tax bill
  • BOE raises rates for first time since 2007
  • Fed keeps rates unchanged, December hike foreseen


Global equities set record highs again during the week, against a backdrop of solid economic and earnings growth. Yields on US 10-year Treasury notes edged lower, trading at 2.34% versus 2.42% a week ago. The price of a barrel of West Texas Intermediate crude oil firmed by around $2 to $54.60 this week. Volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), declined to 9.50 from 10.8 last week.

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Jenine Garrelick, CIMA

MFS Senior Managing Director, Internal Sales

Jenine Garrelick, CIMA, is a senior managing director of internal sales for MFS Fund Distributors, Inc., a subsidiary of MFS Investment Management® (MFS®). In this role, she has management oversight of the firm’s internal sales team, including the broker/dealer, financial institutions and advisors, and defined contribution investment channels.

Jenine has more than 20 years of industry experience and joined MFS in January 2007. Before joining the firm, Jenine was a managing director at ProFunds, working with Prudential Securities. Previously, she served as a director at State Street Research, where she managed a key accounts group, ran a sales desk and managed the East Coast division of external wholesalers. Earlier in her career, Jenine worked as a wholesaler at American Skandia, where she had sales responsibilities for annuities, mutual funds and 401(k) plans. 

Jenine earned her Bachelor of Science degree in mathematics from the University of Rhode Island. She holds the Certified Investment Management Analyst designation. She is a registered principal and holds her series 7 and 24 licenses.

October 27, 2017

by Jenine Garrelick, CIMA, MFS Senior Managing Director, Internal Sales

When you gather women investors, advisors and financial experts together, it's a great chance to talk about women owning their financial lives. And we did. Together with Redbook Magazine, we recently held the first event in our series, Your Time Is an Asset. We called this one "The Time Is Now," because women shouldn't wait to take charge of their finances. There is just too much at stake, from missing out on choices to facing financial crises. It really comes down to women building their financial knowledge and getting expert support so they can manage their money effectively.
 

To get women started, we focused on two things at the event. One was to help women see that because they are potentially living longer and facing higher expenses, they need to save more for the future. The other was to help them make the most of the choices they have today, by understanding the related financial consequences and making their own best decisions. Our panel of experts — Meredith Rollins, editor-in-chief at Redbook, Maureen Kerrigan, a financial advisor with RBC Wealth Management, and Nicole Lapin, a financial journalist — offered three key takeaways. 

by Jenine Garrelick, CIMA, MFS Senior Managing Director, Internal Sales

When you gather women investors, advisors and financial experts together, it's a great chance to talk about women owning their financial lives. And we did. Together with Redbook Magazine, we recently held the first event in our series, Your Time Is an Asset. We called this one "The Time Is Now," because women shouldn't wait to take charge of their finances. There is just too much at stake, from missing out on choices to facing financial crises. It really comes down to women building their financial knowledge and getting expert support so they can manage their money effectively.
 

To get women started, we focused on two things at the event. One was to help women see that because they are potentially living longer and facing higher expenses, they need to save more for the future. The other was to help them make the most of the choices they have today, by understanding the related financial consequences and making their own best decisions. Our panel of experts — Meredith Rollins, editor-in-chief at Redbook, Maureen Kerrigan, a financial advisor with RBC Wealth Management, and Nicole Lapin, a financial journalist — offered three key takeaways. 

October 27, 2017

For the week ending 27 October 2017

  • ECB halves bond buys, vows low rates
  • US Q3 GDP advances at 3.0% annual rate
  • German business sentiment sets record high
  • Party congress elevates status of China’s Xi
  • Progress on US budget opens way for tax bill

 

Global equities edged lower this week, with Japan’s Nikkei average a bright spot, closing at a 21-year high. Yields on US 10-year Treasury notes continued their rise, ending the week at 2.42%, up from 2.38% a week ago. The price of a barrel of West Texas Intermediate crude oil rose about $1 to 52.60 while equity market volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), advanced to 10.8 from 9.9 last week. 

October 27, 2017

For the week ending 27 October 2017

  • ECB halves bond buys, vows low rates
  • US Q3 GDP advances at 3.0% annual rate
  • German business sentiment sets record high
  • Party congress elevates status of China’s Xi
  • Progress on US budget opens way for tax bill

 

Global equities edged lower this week, with Japan’s Nikkei average a bright spot, closing at a 21-year high. Yields on US 10-year Treasury notes continued their rise, ending the week at 2.42%, up from 2.38% a week ago. The price of a barrel of West Texas Intermediate crude oil rose about $1 to 52.60 while equity market volatility, as measured by the Chicago Board Options Exchange Volatility Index (VIX), advanced to 10.8 from 9.9 last week.