Research & News
Daily Comment (September 13, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with the latest news on souring relations between the West and China. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including the latest on the… Read More »
Daily Comment (September 12, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with a discussion of new irritants in the China-India relationship and what they mean for investors. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including indications… Read More »
Daily Comment (September 11, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with news about Chinese domestic politics and the country’s currency, the renminbi. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including news of a cut… Read More »
Asset Allocation Bi-Weekly – Fiscal Tightening Looms (September 11, 2023)
by the Asset Allocation Committee | PDF To understand the state of the U.S. economy and gauge near-term financial prospects, investors over the last couple of years have focused on issues like the Federal Reserve’s monetary policy, consumer price inflation, labor market indicators, and retail sales. They seemed to pay much less attention to fiscal… Read More »
Daily Comment (September 8, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment will be broken down into three sections: 1) Why more central banks are signaling an end to their tightening cycle; 2) How the no-shows by the U.S. and China reflect the waning relevance of multilateral organizations; and 3)… Read More »
Weekly Energy Update (September 8, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices have clearly broken out of their trading range, with Brent crude oil moving above $90 per barrel. Prices are being supported by the Russian and Saudi extension of production restraint. (Source: Barchart.com) Commercial crude oil inventories fell 6.3 mb, much lower than… Read More »
Daily Comment (September 7, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment will be broken down into three sections: 1) How the rising U.S. dollar is impacting other countries; 2) How political fracturing in Spain and Brazil is representative of a global trend; and 3) What trade and investment flow… Read More »
Daily Comment (September 6, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning. Risk markets are under pressure again this morning, with rising Treasury yields raising investor fears. Rising interest rates are also lifting the dollar. The JPY is challenging recent lows, and traders are watching for central bank intervention. In today’s Comment,… Read More »
Daily Comment (September 5, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with Chinese economic news. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including shocking new revelations about corruption in Mexico and unsettling news that the… Read More »