Daily Comment
Daily Comment (January 8, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with an analysis of conflicting economic data before examining the president’s shift toward populist objectives. We also assess the stabilizing diplomatic relations between the US and Latin America, rising momentum for the extension of ACA subsidies, and new restrictions… Read More »
Daily Comment (January 7, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with an analysis of the evolving US policy toward Venezuela, following its recent action against the Maduro government. We then examine the growing US strategic interest in Greenland, assess signs of shifting housing affordability, and analyze rising tensions between… Read More »
Daily Comment (January 6, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with several additional observations on the US seizure of Venezuelan President Maduro, with a focus on potential next steps. We next review several other international and US developments that could affect the financial markets today, including the announcement… Read More »
Daily Comment (January 5, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with some observations on the US seizure of Venezuelan President Maduro on Saturday. We next review several other international and US developments with the potential to affect the financial markets today, including the latest sign that economic decoupling… Read More »
Daily Comment (December 22, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Note to readers: the Daily Comment will go on hiatus after today and will return on January 5, 2026. From all of us at Confluence Investment Management, we hope you enjoy your holiday and have a Happy New Year! Our Comment today… Read More »
Daily Comment (December 19, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins with an assessment of the latest CPI data and its implications. We then turn to critical geopolitical and legislative developments, including the proposed US-TikTok joint venture, the Bank of Japan’s pivotal rate decision, and the progress in French budget… Read More »
Daily Comment (December 18, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens by assessing the president’s 2026 policy shift and its potential market impact. Following a deep dive into the AI-related volatility surrounding Oracle, we will then evaluate high-stakes geopolitical and legislative developments, specifically the US healthcare bill, Tricolor’s fraud crisis,… Read More »
Daily Comment (December 17, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with the implications of the Venezuelan shipping blockade. Next, we discuss why weak labor data might not trigger a Fed rate cut in January. We then highlight critical market events, including US pressure on Russia for a peace deal,… Read More »
Daily Comment (December 16, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with several public statements made yesterday by Federal Reserve policymakers, all of which suggest the policymaking committee remains split on whether to cut US interest rates further in the coming months. We next review several other international and… Read More »