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Chief Market Economist

Peter Cardillo

Peter Cardillo joined Spartan as the firm’s Chief Market Economist in 2018. Mr. Cardillo has more than 50 years of comprehensive professional experience in the financial service industry and is a regular commentator on various U S and International news and media outlets, including CNBC World, CNBC Italy, The Wall Street Journal, Bloomberg, NY Times, and USA Today. Mr. Cardillo’s commentaries are also published on a daily basis on Reuters, CNBC, The Street, Market Watch, CNN Money, and other major business publications. He has served as Chief Market Economist at leading firms in the financial service industry such as Westfalia Investments for 13 years and Josephthal Company for 27 years.

Mr. Cardillo’s incredible knowledge and insight into macroeconomic events gives the research department the foundation to uncover attractive investment opportunities that others miss. Thanks to Mr. Cardillo’s insight, the firm’s research department is better able to generate returns for the firm and its customers.

Mr. Cardillo contributes various research, as well as distributed commentary, regarding various market sectors covering fixed income, precious metals, commodities, and energy.

The research and newsletters distributed through this department allow clients, traders, and portfolio managers to stay informed about current event news. By analyzing both macro and microeconomic trends, Spartan is able to maintain a fast-paced flow of information throughout the entirety of the firm. The research and forward-looking thoughts provided assist Spartan traders and money managers in not only executing profitable investment strategies, but creating a framework for new investment opportunities as well.

 


 

Cardillo's Corner

July 1, 2021

US benchmark oil prices jump 2.8% to $75.51 a barrel and are now less than $1 from levels not seen since 2014. Investors are betting OPEC and Russia, which are meeting today, will decide to continue their policy of keeping barrels out of the market as they increase output at a rather slow pace despite quickly-rebounding global demand as the coronavirus pandemic eases. “We now believe $80 oil prices during the summer months is achievable,” says Peter Cardillo at Spartan Capital. WTI crude rose 51% during the first half of the year, and are now on track for six straight weekly increases. Brent crude also rises, up 2.2% at $76.25.