Research & News
Daily Comment (March 21, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on the U.S. banking crisis and how investors’ concerns appear to be dissipating, at least so far today. We next review a wide range of other international and U.S. developments with the potential to affect… Read More »
Bi-Weekly Geopolitical Report – Update on the U.S.-China Military Balance of Power (March 20, 2023)
Patrick Fearon-Hernandez, CFA | PDF In early 2021, we published a series of reports assessing the overall balance of power between the United States and China in military, economic, and diplomatic terms. Looking comprehensively at both countries’ power and sources of power, we judged that the U.S. retains the greater capacity to influence the world… Read More »
Daily Comment (March 20, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on the global banking crisis, where Warren Buffett has reportedly been in contact with government officials in the U.S., and Swiss authorities have forced a merger of their top two banks. We next review a… Read More »
Daily Comment (March 17, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Happy St. Patrick’s Day! Today’s Comment begins with a discussion about the European Central Bank’s rate decision and how it could impact monetary policy around the world. Next, we review the latest developments in the ongoing banking crisis. Lastly, we give an… Read More »
Daily Comment (March 16, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment starts with a discussion about the latest development in the ongoing banking turmoil. Next, we give our thoughts about the path for future central bank policy. Lastly, we review other market movement news. On the Horizon: If Silicon… Read More »
Weekly Energy Update (March 16, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil decisively broke its recent $72-$82 per barrel trading range. Fears of recession, exacerbated by widespread banking problems, weighed heavily on oil prices. (Source: Barchart.com) Crude oil inventories rose 1.6 mb on forecast. The SPR was unchanged. In the details, U.S. crude oil… Read More »
Daily Comment (March 15, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with the latest on the Silicon Valley Bank crisis. Although the U.S. banking system appeared to be stabilizing yesterday, the jitters touched off by SVB have now sparked concerns about major European banks. We next review a wide… Read More »
Daily Comment (March 14, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on the Silicon Valley Bank crisis and how it appears to be calming down, at least for now. We next review a wide range of other international and U.S. developments with the potential to affect… Read More »
Daily Comment (March 13, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a discussion of the U.S. banking system, which has now seen the collapse of several sizable banks in the last week. Over the weekend, federal regulators put a plan into place that appears to have removed the… Read More »