Research & News

Daily Comment (December 1, 2022)

by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Today’s Comment begins with our thoughts about Wednesday’s speech by Fed Chair Powell. Next, we give an overview of China’s move away from its Zero-COVID policy. We end with international news focusing on the growing fractures within the Western alliance.… Read More »

Weekly Energy Update (December 1, 2022)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices have been falling on fears of weaker Chinese demand due to COVID issues.  We note that the futures market structure has moved into contango, where the deferred contracts trade at a premium to the spot.  This is a bearish market structure.… Read More »

Daily Comment (November 30, 2022)

by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning on this last day of November.  Risk markets are trending higher this morning, and a key component to the rally in commodities and equities (especially the former) is a weakening dollar.  For most of the year, the dollar has been… Read More »

Daily Comment (November 29, 2022)

by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on the Russia-Ukraine war.  We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including a hawkish statement on the Eurozone’s monetary policy by… Read More »

Daily Comment (November 28, 2022)

by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on the Russia-Ukraine war, including more evidence that the Russians are expecting a robust Ukrainian counterattack on the east side of the Dnipro River.  We next review a wide range of other international and U.S.… Read More »

Daily Comment (November 22, 2022)

by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF The Daily Comment will go on hiatus beginning Wednesday, November 23, and will return on Monday, November 28.  Our Comment today opens with an update on the Russia-Ukraine war, including news of an important new Ukrainian effort to recapture land in the… Read More »

Daily Comment (November 21, 2022)

by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF The Daily Comment will go on hiatus beginning Wednesday, November 23, and will return on Monday, November 28.  Our Comment today opens with an update on the Russia-Ukraine war, where it appears that the Russian forces recently pushed out of the southern… Read More »

Daily Comment (November 18, 2022)

by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF The Daily Comment will go on hiatus beginning Wednesday, November 23, and will return on Monday, November 28.  Guten Morgen! Today’s Comment begins with our thoughts about the growing financial stress within the international banking system. Next, we discuss how the dollar… Read More »

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