Asset Allocation Reports
Asset Allocation Bi-Weekly – The Strategic Petroleum Reserve: A Primer (March 30, 2026)
by Bill O’Grady | PDF On March 11, the International Energy Agency announced a coordinated draw of 400 million barrels from the Strategic Petroleum Reserve (SPR) System maintained by the organization’s member countries. Understanding the reasoning behind this decision requires an examination of the economics of inventory. This analysis will help the reader understand that… Read More »
Asset Allocation Bi-Weekly – Are Long-Term Treasurys No Longer a Safe Haven? (March 16, 2026)
by Patrick Fearon-Hernandez, CFA | PDF Historically, major geopolitical or economic crises, such as the war against Iran, have prompted investors to sell riskier assets and buy “safe-haven” investments whose values were expected to remain stable or even rise amid the disruptions. The most popular safe havens have been the US dollar, gold, and longer-term… Read More »
Asset Allocation Bi-Weekly – The Dip That Didn’t Bounce (March 2, 2026)
by Thomas Wash | PDF Retail investors have emerged as a crucial stabilizing force behind the ascent of the “Magnificent 7” in recent years. Rather than displacing institutional or ETF demand, their participation has added a new, resilient layer of support. This cohort’s propensity to buy and hold mega-cap tech stocks, even through periods of… Read More »
Asset Allocation Bi-Weekly – The Warsh Doctrine (February 17, 2026)
by Thomas Wash | PDF When Kevin Warsh, President Trump’s nominee to be the next Federal Reserve chair, last departed the central bank in 2011, it was more than a career move — it was an act of ideological dissent. He cautioned that the Fed’s post-crisis expansion of authority would erode its institutional independence and… Read More »