Daily Comment
Daily Comment (June 5, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with new research that helps confirm our belief that China’s growing comprehensive power — political, military, economic, and technological — is giving it much more geopolitical leverage. We next review several other international and US developments that could… Read More »
Daily Comment (June 4, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins with an assessment of recent business survey reports, including the ISM surveys and the Federal Reserve’s Beige Book. We then examine the rising political costs associated with the war in Iran. Next, we discuss European efforts to initiate peace… Read More »
Daily Comment (June 3, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our views on the newly proposed trade tariffs. We then turn to the SpaceX IPO and its implications for AI‑related trades. Next, we briefly address the recent executive order on AI risks and the progress of the US‑EU… Read More »
Daily Comment (June 2, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with a discussion of Big Tech’s escalating bet on AI and its implications for the broader economy. We then turn abroad to examine the latest developments in Russia’s invasion of Ukraine. Next, we provide updates on negotiations between the… Read More »
Daily Comment (June 1, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with an update on the war in Iran, where a hoped-for peace deal is looking increasingly at risk. We next review several other international and US developments that could affect the financial markets today, including a warning from… Read More »
Daily Comment (May 29, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our take on the latest progress in US-Iran negotiations. We then turn to AI, focusing on rising compute costs and what they mean for the pace of adoption. Next, we briefly discuss the EU’s push for greater control… Read More »
Daily Comment (May 28, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our thoughts on a potential AI tax. We then turn to Federal Reserve policy and the possibility of a rate hike. Next, we provide brief updates on the US-Iran conflict and the rise in semiconductor stocks. As always,… Read More »
Daily Comment (May 27, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our takeaways from the pope’s first encyclical letter. We then turn to the war in Ukraine and its broader implications for modern conflict. Next, we briefly review the strong performance of chipmakers, the Texas primary, and the latest consumer… Read More »
Daily Comment (May 26, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with an update on the Iran war, where the optimism over a potential new peace deal late last week has started to give way in the face of new US attacks on Iran’s military over the last 24… Read More »