Research & News
Daily Comment (February 9, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Our Comment today opens with news of a concerning computer hack on a public utility in Florida. We discuss more evidence that the Biden administration is focused on building international alliances against Chinese geopolitical aggression, along with more signs of… Read More »
Weekly Geopolitical Report – The U.S.-China Balance of Power: Part IV (February 8, 2021)
by Patrick Fearon-Hernandez, CFA | PDF (Note: Due to the Presidents’ Day holiday, our next WGR will be published on February 22.) This multi-part report aims to assess the current balance of power between the U.S. and China and what that implies for how the competition may play out in the coming years. Part I… Read More »
Daily Comment (February 8, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Good morning, and Happy Monday! Congrats to Tampa Bay. U.S. equity futures continue to tick higher. Our coverage this morning starts with economic and policy news. Updates on Europe come next, followed by an overview of international news—we touch on… Read More »
Daily Comment (February 5, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Good morning. U.S. equity futures are higher this morning, the yield curve has steepened, and oil prices have risen as optimism grows over another round of fiscal stimulus. We begin our discussion with possible student loan forgiveness and an update… Read More »
Asset Allocation Weekly (February 5, 2021)
by Asset Allocation Committee | PDF The residential real estate market has made a strong recovery over the past year. Virtually all areas of housing, including home prices, starts, and ownership are showing signs of strength. Let’s start with prices. Home prices have been very strong recently. This chart shows single-family existing home sales. Over… Read More »
Daily Comment (February 4, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Good morning. U.S. equity futures are modestly higher this morning. We begin our coverage with a look at tomorrow’s non-farm payroll report and why it could be a rather deceptive blowout. The next stop is international news, including a discussion… Read More »
Weekly Energy Update (February 4, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart. Prices broke out of their recent trading range and are now well above $55 per barrel. Commercial crude oil inventories unexpectedly fell 1.0 mb when a build of 3.0 mb was forecast. In the details, U.S.… Read More »
Daily Comment (February 3, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Our Comment today opens with a quick update on the Reddit-related trading frenzy, but it then pivots to key European news, including former ECB chief Mario Draghi’s agreement to try to form a new government in Italy. That development has… Read More »