Research & News
Weekly Geopolitical Report – Unrest in Colombia (July 12, 2021)
by Patrick Fearon-Hernandez, CFA | PDF When you find yourself surrounded by a squad of masked, black-clad fighters with their machine guns aimed at you, you can be pretty sure you’re about to have a bad day. The sense of foreboding was especially strong when this happened to me on a deserted road high up… Read More »
Asset Allocation Weekly (July 9, 2021)
by the Asset Allocation Committee | PDF In our report from June 25, we discussed the data from the Financial Accounts of the U.S., otherwise known by its original name, the Flow of Funds Report. There is a section of the report that comes out a couple weeks after the initial release known as the… Read More »
Weekly Energy Update (July 9, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF After rising above $76 per barrel on news of the OPEC+ impasse (see below) prices have corrected modestly. (Source: Barchart.com) Crude oil inventories fell 6.9 mb compared to the 4.0 mb draw expected. The SPR fell 1.2 mb, meaning without the addition from the… Read More »
Asset Allocation Weekly (July 2, 2021)
by the Asset Allocation Committee | PDF (Due to the Independence Day holiday, there will not be an accompanying podcast and chart book this week. The multimedia offerings associated with this report will resume next week, July 9.) The Wall Street Journal Dollar Index, which tracks the dollar’s value relative to seven major currencies, has… Read More »
Weekly Energy Update (July 1, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices are moving steadily higher although momentum is starting to slow. (Source: Barchart.com) Crude oil inventories fell 6.7 mb compared to the 4.0 mb draw expected. The SPR fell 1.4 mb, meaning without the addition from the reserve, commercial inventories would have declined… Read More »
Weekly Geopolitical Report – The Mid-Year Geopolitical Outlook (June 28, 2021)
by Bill O’Grady & Patrick Fearon-Hernandez, CFA | PDF (Due to the Independence Day holiday and a short summer hiatus, the next report will be published July 12.) As is our custom, we update our geopolitical outlook for the remainder of the year as the first half comes to a close. This report is less… Read More »