Daily Comment
Daily Comment (October 26, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with a new initiative to shut down Chinese influence operations in the US that could spoil the current effort by Washington and Beijing to reduce tensions and make their relationship more stable. We next review several other international… Read More »
Daily Comment (October 23, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our takeaways on the upcoming midterm elections. We then turn to fixed income and examine the recent rotation out of tech stocks and into bonds. Next, we briefly cover rising friction between the US and Canada, as well… Read More »
Daily Comment (October 22, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our thoughts on the recent attacks in Saudi Arabia. We then turn to cybersecurity, examining how AI can both uncover and create vulnerabilities. Next, we briefly cover expectations for the Bank of Japan’s upcoming rate decision, possible changes… Read More »
Daily Comment (October 21, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with a look at the White House’s efforts to resolve global conflicts. We then turn to AI, examining why SpaceX’s earnings have lifted sentiment around the AI trade. Next, we briefly discuss Germany’s debate over nationalizing landlord assets and… Read More »
Daily Comment (October 20, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Today’s Comment opens with our analysis of Friedrich Merz’s warning regarding Russia. We then turn to AI, examining what the weak IPO of a South Korean cloud computing company reveals about the current AI boom. Next, we discuss post-midterm concerns surrounding defense… Read More »
Daily Comment (October 19, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with the latest on the war in Iran, as Iran-backed Houthi rebels in Yemen have again staged missile attacks on Saudi Arabian energy facilities. We next review several other international and US developments that could affect the financial markets… Read More »
Daily Comment (October 16, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our thoughts on rising concerns about the AI buildout. We then turn to geopolitics, examining the US’s potential decision to relax sanctions in response to growing voter pushback. Next, we briefly cover a bill to tax data centers,… Read More »
Daily Comment (October 15, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins with our thoughts on speculative AI debt. Next, we discuss growing signs that inflationary pressure is building in the economy. We then briefly cover the new ways that hyperscalers are getting communities to sign off on data centers, as… Read More »
Daily Comment (October 14, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with an update on the escalating conflict in the Middle East, particularly as Saudi Arabia becomes more deeply involved. Next, we discuss how Fed officials continue to keep forward guidance alive even as the Fed chair tries to do… Read More »