Daily Comment
Daily Comment (October 22, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment section opens with a deep dive into the recent drop in gold prices and its stark implications for US-China trade tensions. We then explore the potential pathway to persuading Russia to end the war in Ukraine. Closer to home, a… Read More »
Daily Comment (October 21, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with confirmation that the Japanese parliament has formally approved Sanae Takaichi as Japan’s first female prime minister. We next review several other international and US developments with the potential to affect the financial markets today, including a big… Read More »
Daily Comment (October 20, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with news that Japan’s ruling party has struck a coalition deal that will allow conservative and investor favorite Sanae Takaichi to become the new prime minister. We next review several other international and US developments with the potential… Read More »
Daily Comment (October 17, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with a deep dive into emerging credit quality concerns that could signal vulnerability within the financial system. We then pivot to US diplomacy, assessing the latest efforts to broker a resolution in Ukraine. Our coverage also unpacks two key… Read More »
Daily Comment (October 16, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins with Treasury Secretary Bessent’s analysis of China’s export restrictions and his recommendations for bolstering the US negotiating position ahead of trade talks. We then provide an overview of the Federal Reserve’s Beige Book, followed by an examination of the… Read More »
Daily Comment (October 15, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins with the latest escalation in US-China trade tensions. We then analyze shifting monetary policy expectations and the market’s growing conviction for an imminent rate cut. Our coverage continues with an examination of sustained AI infrastructure investment, potential regulatory moves… Read More »
Daily Comment (October 14, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with yet another blow-up in the US-China trade war, with Beijing imposing sanctions on South Korean firms that allegedly assisted a US probe into the Chinese shipping industry. We next review several other international and US developments with… Read More »
Daily Comment (October 13, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with the latest dramatic policy announcements on US-China relations, which drove stock prices sharply lower on Friday before a reversal gave stocks a boost this morning. We next review several other international and US developments with the potential… Read More »
Daily Comment (October 10, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins with an in-depth analysis of US intervention in the Argentine currency market. We then examine the latest strategic moves by the US and China ahead of pivotal trade talks. Our coverage continues with a discussion of the accounting controversy… Read More »