Research & News
Daily Comment (January 22, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Good morning. Global equities are lower as fears of a third wave of the coronavirus continue to mount. New developments related to the pandemic lead our coverage today, followed by a discussion of President Biden’s first day in office. The… Read More »
Asset Allocation Weekly (January 22, 2021)
by Asset Allocation Committee | PDF In Charles Dickens’s novel A Tale of Two Cities, he writes, “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was… Read More »
Daily Comment (January 21, 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 ECB meets today and leads off our coverage. A recap of President Biden’s first day follows. There is a plethora of news out of China. A pandemic update follows, with… Read More »
Daily Comment (January 20, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Our Comment today opens with U.S. political news related to Joe Biden’s inauguration as president today. We next turn to overseas news, focusing mostly on Chinese and Japanese developments. As always, we end with a discussion of the latest on… Read More »
Asset Allocation Quarterly (First Quarter 2021)
by the Asset Allocation Committee | PDF The economic recovery is still in the early stages and we maintain that the expected path will be long and slow moving. The Federal Reserve, along with other global central banks, will likely continue to be aggressively accommodative. Another round of fiscal stimulus is expected, which should be… Read More »
Daily Comment (January 19, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Our Comment today opens with the latest news on President-Elect Biden’s incoming administration, followed by a discussion of China’s success in growing its economy in 2020. We also touch on other key foreign news before turning to the latest developments… Read More »
Daily Comment (January 15, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Good morning. Equity markets are trending lower following Biden’s announcement of additional stimulus. Despite markets being relatively bullish on fiscal stimulus, there is growing concern that the $1.9 trillion price tag may make it harder to pass through Congress. We… Read More »
Asset Allocation Weekly (January 15, 2021)
by Asset Allocation Committee | PDF Rare events can be difficult for financial markets to accommodate. In general, prices in financial markets, which are the sum of estimates about the future, take a while to settle on the impact of something that doesn’t happen often. The recent pandemic, 9/11, the Great Financial Crisis, etc. are… Read More »