Research & News
Weekly Energy Update (December 7, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices are breaking down despite OPEC+ efforts to restrain supply. (Source: Barchart.com) Commercial crude oil inventories fell 4.6 mb compared to forecasts of a 3.0 mb draw. The SPR rose 0.3 mb, which puts the net draw at 4.3 mb. In the… Read More »
Daily Comment (December 6, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with the latest on the potential for a Venezuela-Guyana crisis. We next review a wide range of other international and U.S. developments that could affect the financial markets today, including Italy’s widely expected decision to pull out of… Read More »
Daily Comment (December 5, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with a downgrade in the outlook for Chinese sovereign debt. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including reports of suspicious short-selling in Israeli… Read More »
Daily Comment (December 4, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with notes from the Ronald Reagan Presidential Institute’s annual National Defense Forum over the weekend. We next review a range of other international and U.S. developments with the potential to affect the financial markets today, including more risky… Read More »
Asset Allocation Bi-Weekly – A Pause That Refreshes? (December 4, 2023)
by the Asset Allocation Committee | PDF In 1929, Coca-Cola® introduced the tagline “a pause that refreshes.” Although other advertising campaigns have come and gone, this line still sticks around in the public consciousness. And, it has moved beyond a cold soft drink on a hot day as it can also refer to monetary policy.… Read More »
Daily Comment (December 1, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Equities are trading lower as investors seek to liquidate some of their holdings ahead of Fed Chair Powell’s speech, and the Dallas Cowboys’ defense failed to live up to the hype on Thursday. Today’s Comment starts with our thoughts about… Read More »
Daily Comment (November 30, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! The day is off to a lively start, with equities surging and Arkansas pulling off an upset victory over Duke. In today’s Comment, we delve into the reasons behind investor rate expectations that may be amiss, explore the waning influence… Read More »
Weekly Energy Update (November 30, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices have retreated from their early October highs. (Source: Barchart.com) Commercial crude oil inventories rose 1.6 mb compared to forecasts of a 1.7 mb draw. The SPR rose 0.3 mb, which puts the net build at 1.9 mb. In the details, U.S.… Read More »