Research & News
Daily Comment (September 21, 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 Iran-backed proxies have staged a new attack on Saudi Arabia. However, speculation that President Trump could meet with the Iranian president in New York this week has raised hopes… Read More »
Asset Allocation Bi-Weekly – Breaking the Bond Fever! (September 21, 2026)
by Thomas Wash | PDF After months of rising long-term yields, Treasury Secretary Scott Bessent has intervened in the bond market to help calm what he describes as a “fever.” The move reflects growing concern within the administration that fear has outweighed fundamentals in bond valuations, as investors grapple with rising energy costs tied to… Read More »
Daily Comment (September 18, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our takeaways from the Bank of Japan’s latest rate decision. We then turn to trade, examining the recent easing of tensions between the US and China ahead of their talks. Next, we briefly cover the prospect of renewed… Read More »
Daily Comment (September 17, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our takeaways from today’s rate decision and what we could gather from the Fed’s communication. We then turn to the market’s reaction to the decision, examining its impact on equities and fixed income. Next, we briefly cover the… Read More »
Daily Comment (September 16, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our thoughts on the Fed ahead of today’s rate decision. We then turn to AI, examining the growing debate over regulation. Next, we cover legislation that would grant President Trump new trade authority, a meeting between US and… Read More »
Daily Comment (September 15, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our thoughts on how rising fears over AI are shaping the debate on global policy. We then turn to fixed income, examining the drivers behind the 10-year Treasury yield’s move to 5%. Next, we briefly cover China’s new… Read More »
Bi-Weekly Geopolitical Report – I Miss Recessions (September 14, 2026)
by Patrick Fearon-Hernandez, CFA | PDF One of the most striking aspects of today’s world economy, and the United States economy in particular, is its ability to keep growing despite confidence-shaking events such as the US’s waning geopolitical power, large-scale wars, fracturing trade relations, global supply disruptions, an aging population, the coronavirus pandemic, persistent price… Read More »
Daily Comment (September 14, 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 Iran-backed rebels in Iraq have apparently forced the shutdown of a key Saudi Arabian pipeline, boosting energy prices and driving down stock values around the world today. We next… Read More »