Research & News
Daily Comment (June 8, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We open today’s Comment with a range of reports that ultimately touch on technology, Taiwan, and China. We also explore important trade news out of Europe and new developments in the Peruvian presidential election, where it now looks like a… Read More »
Weekly Geopolitical Report – Taiwan and the Risk of Deglobalizing the World’s Semiconductor Industry: Part II (June 7, 2021)
by Patrick Fearon-Hernandez, CFA | PDF This series is written as a corollary to our recent multi-part WGR series titled “The Geopolitics of Taiwan,” published last month.[1] In Part I of this report, we showed how Taiwan and the Taiwan Semiconductor Manufacturing Company (TSM, $111.85) represent a key vulnerability in the global computer chip industry. … Read More »
Daily Comment (June 7, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, and happy Monday! In the wake of Friday’s rally, U.S. equity futures are mostly steady this morning. Our coverage begins with a look at the G-7 agreement to set a minimum corporate tax. Up next is the president’s… Read More »
Daily Comment (June 4, 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. Today’s report begins with an update on the infrastructure spending negotiations. International news follows, with reports of new sanctions on Belarus and the EU-U.K. probing… Read More »
Asset Allocation Weekly (June 4, 2021)
by the Asset Allocation Committee | PDF (Due to staff vacation schedules, there will not be an accompanying podcast and chart book this week. The multimedia offerings associated with this report will resume next week, June 11.) Over the past five years, the United Kingdom has been the backwater of investment attraction. Much of the… Read More »
Daily Comment (June 3, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with an overview of yesterday’s “Beige Book” report from the Federal Reserve, which pointed to accelerating economic growth but continued inflation pressures. Sticking with the inflation theme, we then review the latest UN data on global food… Read More »
Daily Comment (June 2, 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 sideways open this morning as investors remain cautious following recent market events in oil and cybersecurity. Today’s report begins with a summary of the cyberattack on the largest meat… Read More »
Daily Comment (June 1, 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 significant demographic policy changes in China, followed by various signs of increased inflation and potentially tighter monetary policy in both Europe and the United States. Next, we review a range of international and U.S.… Read More »
Daily Comment (May 28, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, all! U.S. equities are expected to open higher this morning as President Biden’s new budget proposal caused a boost in investor optimism. Today’s report starts off with a brief summary of the $6 trillion proposal. International news follows,… Read More »