Daily Comment
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 »
Daily Comment (December 15, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with key takeaways on monetary policy from an interview President Trump did with the Wall Street Journal on Friday. We next review several other international and US developments with the potential to affect the financial markets today, including… Read More »
Daily Comment (December 12, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins with our examination of growing concerns for an AI bubble. We then provide an update on the strategic dynamics of the Ukraine conflict. The analysis continues with key market-moving stories, including reappointment of Federal Reserve governors, corporate partnerships to… Read More »
Daily Comment (December 11, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with an analysis of the Federal Reserve’s latest rate action and the 2026 policy outlook. We then assess rising US-Venezuela tensions and their implications for US foreign policy. This is followed by other market moving events such as China’s… Read More »
Daily Comment (December 10, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins with an analysis of President Trump’s decision to push for new governance in the EU. Next, we provide a primer for today’s pivotal Fed rate decision. We then offer an overview of critical global developments, including Denmark’s security concerns… Read More »