Research & News

Daily Comment (June 1, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning.  It’s Monday and the beginning of another month.  Global equities are mixed this morning although we do note the Hang Seng rallied.  Over the weekend, civil disorder occurred around the U.S.  We discuss the latest with China.  The G-7 was… Read More »

Asset Allocation Weekly (May 29, 2020)

by Asset Allocation Committee The recent strong rally in equities has befuddled investors—how can equities rally with such vigor when the economy is historically weak?  We suspect there are two reasons for this recovery: Although the drop in economic activity is deep, it will likely be short. Supportive monetary policy is a powerful elixir for equities.… Read More »

Daily Comment (May 29, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and happy Friday!  Global equities are softer this morning as tensions between the U.S. and China continue to rise.  We discuss the latest with China.  As usual, we update what we know about COVID-19.  The Weekly Energy Update is available. … Read More »

Daily Comment (May 28, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning!  Global equities are steady to higher this morning after a continued strong march higher.  We update the COVID-19 situation; the U.S. death toll now exceeds 100k.  We discuss the Hong Kong/China situation.  The Beige Book was released yesterday.  We are… Read More »

Daily Comment (May 27, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Risk assets appear set to follow through on their rise yesterday, reflecting not only more signs of a nascent economic recovery from the coronavirus crisis, but also a slew of new stimulus measures in the U.S., Europe and Japan.  We highlight all… Read More »

Daily Comment (May 26, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] The rally in risk assets around the globe today comes as coronavirus restrictions continue to be lifted around the world, economic activity starts to increase again, and more potential vaccines make their way into trials.  So far today, those bright spots are… Read More »

Asset Allocation Weekly (May 22, 2020)

by Asset Allocation Committee Beginning in the late 1990s and becoming an even bigger issue after Dodd-Frank regulations were imposed following the Great Recession, many market participants worried that bond market liquidity would be absent in the face of a crisis.  Strict regulations discouraged banks and brokerage firms from holding large inventories of corporate bonds, thereby… Read More »

Daily Comment (May 22, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and Happy Friday!  As a reminder, financial markets will be closed on Monday, so the next Daily Comment will come to you on Tuesday.  Hong Kong tensions are depressing global equity markets.  We cover the crackdown on Hong Kong.  As… Read More »

1 2 3 163