Research & News
Daily Comment (November 5, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our thoughts on the role that state governors could play in curbing the AI buildout. We then turn to national security, examining why the president might shift more attention abroad now that the midterms are over. Next, we… Read More »
Daily Comment (November 4, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our assessment of the midterm election results and their potential implications for markets. We then turn to AI, examining how growing scrutiny of debt and cash flow could shape the sustainability of the AI trade. Next, we briefly… Read More »
Daily Comment (November 3, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with market concerns surrounding today’s midterm elections. We then turn to geopolitics, examining early indications that bilateral talks between the US and Iran could resume in the coming days. Next, we analyze China’s move to tighten regulatory oversight of… Read More »
Daily Comment (November 2, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with a few words on the apparent stabilization of global stock markets this morning after Friday’s selloff. We specifically address whether the selloff might have represented the end of the artificial intelligence frenzy. We next review several other… Read More »
Asset Allocation Bi-Weekly – The Third-Year Charm: Why Gridlock Sets the Stage for Market Growth (November 2, 2026)
by Thomas Wash | PDF Every political cycle arrives wrapped in apocalyptic campaign ads branding the upcoming election as “the most consequential of our lifetime.” Yet while political strategists focus on polarization, we are watching a far more concrete signal: stock market performance over the four-year presidential cycle. From 1930 to 2023, the third year… Read More »
Daily Comment (October 30, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins with key takeaways from the latest ECB rate decision and leadership change. We then turn to geopolitics, examining the outcome of the recent Israeli elections. Next, we briefly cover the Binance security breach and Intel’s disappointing earnings report. As… Read More »
Daily Comment (October 29, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our takeaways from the latest FOMC meeting. We then turn to geopolitics, examining efforts to bring Iran to the negotiating table before the midterm elections. Next, we discuss Federal Reserve Chair Kevin Warsh’s changes to the meeting schedule,… Read More »