A commonly observed phenomenon that takes place within the retail gasoline market is the asymmetrical way in which gasoline prices adjust to changes in crude oil prices. While there is a general belief that gasoline prices should adjust proportionately and symmetrically to crude oil’s price movements, this is actually a misconception.
If you follow financial news, you’ve probably heard many references to "the Fed" along the lines of "the Fed did this or that," or "market watchers are wondering what the Fed will do next." So what exactly is the Fed and what does it do, anyway?
Condor Capital has recently initiated a position in Whirlpool Corporation (WHR) in some of its clients’ portfolios. Whirlpool is the largest home appliance manufacturer in the world, with a portfolio of brands that includes Whirlpool, Maytag, KitchenAid, Brastemp and Consul.
Condor Capital recently initiated a position in Check Point Software Technologies (CHKP), a leading provider of internet security products for businesses and consumers, in the Large Cap Growth Strategy.
In the wake of the recent financial crisis, central banks across the globe have taken extraordinary measures in an effort to avert financial calamity and spark economic growth. Five years after the collapse of investment bank Lehman Brothers, central banks’ policies continue to play a critical role in the direction of economies around the world. While it is important to consider how a country/region’s monetary policy impacts its home market, looking at their actions in aggregate can have a material impact on investment decisions regarding markets far away.
2012-13 Ski Season Wrap Up: Late Season Snow Sparks Double-Digit Rally In Skier Visits
MARTINSVILLE, N.J., June 5, 2013 /PRNewswire/ — After a dismal ski season last year – when skier visits plunged 15% – and a tepid start to the 2012/13 season, Mother Nature began to cooperate and allowed the industry to rebound nicely in the latter part of the season. Against this backdrop, preliminary data released by the National Ski Areas Association indicate that skier days totaled 56.60 million, a jump of 11% and the strongest year-over-year gain in 30 years. Although a vast improvement from the prior season, it fell short of the record 60.54 million visits logged in the 2010/11 season.
On March 1, 2013, the federal government spending cuts known as the “sequester” went into effect. While politicians and the nightly news have frequently mentioned the sequester and its ramifications, much of what is said has been distorted, leaving investors with little insight into the actual implications of the sequester.