Daily Comment
Daily Comment (February 20, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins with an analysis of the US pressure campaign on Iran, then examines the growing concerns surrounding private credit firms. We next explore signs of a “New Monroe Doctrine” emerging in South America and discuss speculation over the ECB president’s… Read More »
Daily Comment (February 19, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with analysis of the latest Federal Reserve meeting minutes. We then turn to the upcoming Supreme Court ruling on tariffs, followed by updates on Iran, the US administration’s efforts to circumvent EU content restrictions, and the IMF’s push for… Read More »
Daily Comment (February 18, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our take on the EU’s efforts to safeguard its institutions from the far right. We then examine the escalating fight over data centers heading into the midterm elections. Next, we discuss how software companies are working to calm… Read More »
Daily Comment (February 17, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with an overview of current dynamics in both the US stock market and the commercial office market. We next review other international and US developments that could affect the financial markets today, including a conciliatory speech by US… Read More »
Daily Comment (February 13, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF NOTE: There will be no Comment on Monday, February 16 due to the holiday. Our Comment opens with our take on the recent “AI scare trade” and its role in amplifying market volatility. We then examine the EU’s push to reduce its… Read More »
Daily Comment (February 12, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins with our take on the latest jobs report, then turns to US trade policy and why we believe further tariff restrictions are unlikely. We next discuss the CBO’s updated fiscal deficit estimate, upcoming talks aimed at ending the conflict… Read More »
Daily Comment (February 11, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with an analysis of why markets remain resilient despite ongoing economic headwinds. We then turn to developments in the status of the nuclear program negotiations with Iran, followed by a discussion of the potential US withdrawal from the USMCA… Read More »
Daily Comment (February 10, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with news that the White House this week will launch a major rollback of environmental regulations. We next review several other international and US developments that could affect the financial markets today, including an announcement of performance reviews… Read More »
Daily Comment (February 9, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with some quick notes on the monumental election in Japan yesterday. We next review several other international and US developments with the potential to affect the financial markets today, including a recap of elections in Thailand and Portugal,… Read More »