Research & News
Weekly Energy Update (October 16, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart. Prices remain rangebound. Commercial crude oil inventories fell 3.8 mb when a 2.0 mb decline was expected. The SPR declined 1.2 mb; since peaking at 656.1 mb in July, the SPR has drawn 15.3 mb. Given… Read More »
Asset Allocation Weekly (October 16, 2020)
by Asset Allocation Committee | PDF Of all the different economic indicators published by the government and private entities, one of the least followed, but potentially very enlightening, is the Census Bureau’s monthly report on business inventories. The report tracks the value of inventories on hand each month at the retail, wholesale, and manufacturing levels… Read More »
Weekly Geopolitical Report – Back to the Future? Prospects for a New Cold War Against China (October 12, 2020)
by Patrick Fearon-Hernandez, CFA | PDF This edition of our Weekly Geopolitical Report explores the prospects of a new Cold War between the United States and China. Based on the author’s personal experiences at the end of the U.S.-Soviet Cold War, this report explores the various costs that would likely arise from a new Cold… Read More »
Asset Allocation Weekly (October 9, 2020)
by Asset Allocation Committee | PDF Later this month, the European Union will begin auctioning off bonds to facilitate its economic recovery from the pandemic. In all, the EU plans to raise up to €850 billion over the next 5-7 years, with €750 billion still awaiting approval from the European Parliament. If approved, as we… Read More »
Weekly Energy Update (October 8, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart. The recent dip in prices remains, although we are seeing some recovery. Commercial crude oil inventories rose 0.5 mb when a 1.2 mb decline was expected. The SPR declined 8.8 mb; since peaking at 656.1 mb… Read More »
Weekly Geopolitical Report – Erdoğan’s Leadership and the Turkey-Greece Dispute: Part II (October 5, 2020)
by Patrick Fearon-Hernandez, CFA | PDF In Part I of this report last week, we took a deep look at Turkish President Recep Tayyip Erdoğan’s perspectives, goals, power, initiatives, and constraints. We examined how his primary aims are to regain Islam’s place in global society, seek redress for the way Islam and Turkey have been… Read More »
Asset Allocation Weekly (October 2, 2020)
by Asset Allocation Committee | PDF The death of Ruth Bader Ginsburg was yet another political shock for 2020 in a year rife with unusual events. The year began with the first official case of COVID-19 in Washington State on January 20. The pandemic and subsequent measures to contain the virus have led to unprecedented… Read More »