Asset Allocation Reports

Asset Allocation Bi-Weekly – The Bank of Japan Cocks the Trigger (April 18, 2022)

by the Asset Allocation Committee | PDF In Hollywood movies, the classic device to convey a menacing threat is to have the tough-guy cop pull back the hammer on his revolver and cock the trigger.  It’s not enough that the cop just points his gun at the criminal.  Once you hear that “click,” you know… Read More »

Weekly Energy Update (April 14, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices appear to be settling into a trading range. (Source: Barchart.com) Crude oil inventories rose 9.4 mb compared to an unchanged forecast.  The SPR declined 3.9 mb, meaning the net build was 5.5 mb. In the details, U.S. crude oil production is unchanged… Read More »

Weekly Energy Update (April 7, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices remain volatile, moving on war news.  The SPR release will likely be bearish for prices.  Technically, the oil chart appears to have a descending triangle, which is often a bearish pattern. (Source: Barchart.com) Crude oil inventories rose 2.4 mb compared to a… Read More »

Asset Allocation Bi-Weekly – Latin America’s Day in the Sun (April 4, 2022)

by the Asset Allocation Committee | PDF As we’ve previously described in many of our publications, the Russian invasion of Ukraine has changed the world in profound, long-lasting ways.  We have defined how it will further cleave the world’s nations into at least two major geopolitical blocs with limited commercial and financial ties.  We have… Read More »

Weekly Energy Update (March 31, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices remain volatile, moving on news regarding the Russia-Ukraine war. (Source: Barchart.com) Crude oil inventories fell 3.4 mb compared to a 2.2 mb draw forecast.  The SPR declined 3.0 mb, meaning the net draw was 6.5 mb. In the details, U.S. crude oil… Read More »

Weekly Energy Update (March 24, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF After falling last week, oil prices have moved steadily higher on continued tensions in Ukraine. (Source: Barchart.com) Crude oil inventories fell 2.5 mb compared to a 0.5 mb draw forecast.  The SPR declined 4.2 mb, meaning the net draw was 6.7 mb.  The withdrawal… Read More »

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