Research & News
Bi-Weekly Geopolitical Report – Meet Andy Burnham (August 10, 2026)
by Patrick Fearon-Hernandez, CFA | PDF In July 2026, the United Kingdom got its seventh prime minister in a decade when Andy Burnham replaced Keir Starmer as leader of the center-left Labour Party and head of government. Burnham’s rise is remarkable not only because he returned to regional politics following a self-imposed exile, but because… Read More »
Daily Comment (August 10, 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, including news that Tehran has demanded a number of conditions the US must meet before it will allow free shipping through the Strait of Hormuz. We next review several other… Read More »
Daily Comment (August 7, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our thoughts on the agreement to reopen the Strait of Hormuz, alongside signs that the conflict could spread deeper into the Middle East. We then focus on the Japanese yen and a possible return to currency intervention. Next,… Read More »
Daily Comment (August 6, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our thoughts on the rising number of AI tools going rogue. We then focus on PMI reports and what they say about the state of the economy. Next, we turn to the latest developments in Iran, the Fed… Read More »
Daily Comment (August 5, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with an analysis of the recent push by the US and Iran toward an interim deal over the Strait of Hormuz. We then examine the results of Tuesday’s primaries and what they could mean for the upcoming midterms. Next,… Read More »
Daily Comment (August 4, 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. We next review several other international and US developments that could affect the financial markets today, including a new immigration crisis in Europe and an unexpected early test of the… Read More »
Daily Comment (August 3, 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 the US has again called off a planned attack, pushing global energy prices down so far this morning. We next review several other international and US developments that could… Read More »
Asset Allocation Bi-Weekly – The PCE Makeover (August 3, 2026)
by Thomas Wash | PDF The Federal Reserve’s preferred gauge of price inflation is set for a methodological update, as the Bureau of Economic Analysis (BEA) is expected to implement revisions to its price index for Personal Consumption Expenditures (PCE) as early as September. Early estimates suggest the changes will modestly lower measured PCE inflation,… Read More »