Research & News
Daily Comment (May 26, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We open today’s Comment with the state of play on President Biden’s proposed spending program on infrastructure and other economic initiatives. We follow with several items related to technology, cybersecurity, cryptocurrencies, and tech regulation. We then address miscellaneous international news… Read More »
Daily Comment (May 25, 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 details on the Belarusian “state hijacking” and its impact on geopolitical relations between the U.S., Europe, and Russia. We then continue with other international news ranging from China and Russia to Turkey… Read More »
Weekly Geopolitical Report – Taiwan and the Risk of Deglobalizing the World’s Semiconductor Industry: Part I (May 24, 2021)
by Patrick Fearon-Hernandez, CFA | PDF (Note: Due to the upcoming Memorial Day holiday, the next report will be published on June 7.) In our recent WGR series titled “The Geopolitics of Taiwan” (see Parts I, II, and III), we examined Taiwan’s geopolitical position in relation to China and the United States. We described how… Read More »
Daily Comment (May 24, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, and happy Monday! U.S. equity futures are higher this morning. The Northern Hemisphere’s hurricane season runs from June 1 to November 1, but recently it has become common for storms to form early. NOAA has named Ana the… Read More »
Daily Comment (May 21, 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 investor optimism has been bolstered by strong economic data and positive earnings reports. Today’s report starts off with a brief update of the conflict between Israel and… Read More »
Asset Allocation Weekly (May 21, 2021)
by the Asset Allocation Committee | PDF In March, job openings rose to their highest level on record. According to the Job Openings and Labor Turnover Survey (JOLTS), there were over 8.1 million job vacancies, surpassing the previous record of 7.6 million set in November 2018. The surge in vacancies is supported by data from… Read More »
Daily Comment (May 20, 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 lower, although off the worst levels of the session. Other assets, like commodities and crypto, have also come under pressure. Our coverage kicks off with the Fed minutes, which roiled financial markets. We follow… Read More »
Weekly Energy Update (May 20, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices continue to trade in a range from $58 to $68 per barrel. (Source: Barchart.com) Crude oil inventories rose 1.3 mb compared to the 2.0 mb build expected. The SPR fell 1.9 mb, meaning without the addition from the reserve, commercial inventories would… Read More »
Daily Comment (May 19, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with another broadside from Larry Summers against the current stance of U.S. monetary and fiscal policy. Inflation hawks will likely be quite satisfied with his latest criticisms. We next examine a new threat to private cryptocurrencies out… Read More »