Research & News
Daily Comment (March 23, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with our thoughts on the Federal Reserve’s rate decision. Next, we discuss the Fed’s economic outlook and why it may not be representative of future policy. Lastly, the report examines China’s battle to avoid isolation by the… Read More »
Weekly Energy Update (March 23, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil decisively broke its recent $72-$82 per barrel trading range. Problems in the banking sector are raising fears of a global economic slowdown. Classic technical analysis would suggest that the former support at $72 will become resistance; in other words, this level will… Read More »
Daily Comment (March 22, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on the U.S. and European banking crises and what they mean for monetary policy going forward (we also note that the Federal Reserve will release its latest interest-rate decision this afternoon at 2:00 PM EDT). … Read More »
Daily Comment (March 21, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on the U.S. banking crisis and how investors’ concerns appear to be dissipating, at least so far today. We next review a wide range of other international and U.S. developments with the potential to affect… Read More »
Bi-Weekly Geopolitical Report – Update on the U.S.-China Military Balance of Power (March 20, 2023)
Patrick Fearon-Hernandez, CFA | PDF In early 2021, we published a series of reports assessing the overall balance of power between the United States and China in military, economic, and diplomatic terms. Looking comprehensively at both countries’ power and sources of power, we judged that the U.S. retains the greater capacity to influence the world… Read More »
Daily Comment (March 20, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on the global banking crisis, where Warren Buffett has reportedly been in contact with government officials in the U.S., and Swiss authorities have forced a merger of their top two banks. We next review a… Read More »
Daily Comment (March 17, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Happy St. Patrick’s Day! Today’s Comment begins with a discussion about the European Central Bank’s rate decision and how it could impact monetary policy around the world. Next, we review the latest developments in the ongoing banking crisis. Lastly, we give an… Read More »
Daily Comment (March 16, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment starts with a discussion about the latest development in the ongoing banking turmoil. Next, we give our thoughts about the path for future central bank policy. Lastly, we review other market movement news. On the Horizon: If Silicon… Read More »
Weekly Energy Update (March 16, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil decisively broke its recent $72-$82 per barrel trading range. Fears of recession, exacerbated by widespread banking problems, weighed heavily on oil prices. (Source: Barchart.com) Crude oil inventories rose 1.6 mb on forecast. The SPR was unchanged. In the details, U.S. crude oil… Read More »