Research & News
Weekly Geopolitical Report – Afghanistan, Part I: History (September 13, 2021)
by Bill O’Grady | PDF The American exit from Afghanistan has created a crisis in the region. For two decades, the U.S. has propped up a government in Kabul. The U.S. withdrawal has led to the rapid collapse of that government and the restoration of the Taliban. The media has been closely tracking the situation… Read More »
Daily Comment (September 13, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! A lot is going on in the world today as we turn toward autumn. After a soft week, equities are lifting this morning. We begin with comments on what is shaping up to be a… Read More »
Daily Comment (September 10, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! U.S. equity futures are signaling a higher open this morning. Today’s report begins with a discussion of the call between Presidents Joe Biden and Xi Jinping. International news is up next followed by U.S. economics and policy news,… Read More »
Asset Allocation Weekly – Powell and Fed Independence (September 10, 2021)
by the Asset Allocation Committee | PDF Chair Powell’s term as leader of the FOMC comes to an end in early February 2022. It appears likely, at this time, that he will be reappointed for another four-year term. Decision markets currently put the odds of another term at 85%. Given all the policy actions that… Read More »
Weekly Energy Update (September 10, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Prices continued to consolidate in the high $60s. (Source: Barchart.com) Crude oil inventories fell 1.5 mb compared to the 6.0 mb draw forecast. Analysts (including us) were clearly expecting Ida to bring a large draw. However, the drop in exports and the slide in… Read More »
Daily Comment (September 9, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! U.S. equity futures are under pressure again this morning as equity markets grapple with the ongoing pandemic, the uncertainty around the budget process, and the potential for a debt ceiling standoff. The ECB and the Fed kick off… Read More »
Daily Comment (September 8, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment begins with a wide range of developments regarding U.S. monetary, fiscal, and regulatory policy. We then move to global technology company regulation and other key foreign developments that could drive the financial markets today. We conclude with the… Read More »
Daily Comment (September 7, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF In today’s Comment, we open with international developments ranging from a worsening outlook for Chinese corporate debt to a budding political fight in the United Kingdom over higher taxes for the National Health System. We also cover the latest developments… Read More »
Daily Comment (September 3, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! U.S. equity futures are signaling a higher open this morning. Today’s report begins with a discussion about the labor shortage and an update on Hurricane Ida. International news is up next. We cover U.S. economics and policy news,… Read More »