Research & News
Daily Comment (August 19, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning on the 30-year anniversary of the Soviet coup. Risk markets continue to slump this morning. Equities and commodities are lower, and Treasuries prices are higher. The combination of tighter policy signaling and rising pandemic concerns are weighing on… Read More »
Weekly Energy Update (August 19, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices remain under pressure as concerns over the Delta virus and seasonal factors press prices lower. (Source: Barchart.com) Crude oil inventories fell 3.2 mb compared to the 1.5 mb draw forecast. The SPR was unchanged this week. In the details, U.S. crude oil… Read More »
Daily Comment (August 18, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment begins with news showing China’s crackdown on big, fast-growing tech companies is perhaps even worse than we’ve been describing. On top of that, President Xi has signaled a broader prioritization of income redistribution that could also be a… Read More »
Daily Comment (August 17, 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 the latest on the situation in Afghanistan, with an interesting satellite view of the chaos at Kabul’s airport yesterday. We then turn to U.S. news, including the latest warning sign that the Federal Reserve… Read More »
Weekly Geopolitical Report – Data and Geopolitics: Part I (August 16, 2021)
by Patrick Fearon-Hernandez, CFA | PDF For decades now, the post-industrial “information age” has been a key topic of interest for economists, business leaders, financial managers, and investors. All have come to appreciate the implications of silicon-based semiconductors and the opportunities they create for mass data management, storage, communications, and analytics. In recent years, data… Read More »
Daily Comment (August 16, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. Risk markets are weaker this morning. Fears of slowing global economic growth, the persistence of the pandemic, and the unsettling images from Kabul are weighing on sentiment. Our coverage begins with the events in Afghanistan. Up next is… Read More »
Daily Comment (August 13, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, all! U.S. equities appear to be headed for a higher open this morning. Our report begins with a discussion about inflation. Next, we provide a round-up of international news, including the Taliban’s advancement in Afghanistan and Bolsonaro’s attempt… Read More »
Asset Allocation Weekly – Intellectual Property Takes Over Fixed Investment (August 13, 2021)
by the Asset Allocation Committee | PDF It’s probably no surprise to anyone that information processing has become a bigger and bigger part of the economy over the last several decades. By now, we’ve all gotten used to seeing new kinds of computers and telephones every year, and we’ve struggled with learning new software programs… Read More »
Daily Comment (August 12, 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 mostly steady this morning. Financial markets are broadly steady, consistent with late summer trading. Our coverage kicks off with news from China followed by the international roundup. Economics and policy follow, and we close… Read More »