Research & News
Daily Comment (June 29, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins with key takeaways from Apple’s push to ease restrictions on the purchase of Chinese semiconductors. We then turn to the US-Iran conflict, outlining our assessment of the ceasefire’s durability. Next, we briefly examine Volkswagen’s restructuring efforts, the policy agenda… Read More »
Asset Allocation Bi-Weekly – The Evolution of the Tech Life Cycle (June 29, 2026)
by Thomas Wash | PDF AI is reshaping the fundamental business model of technology companies. For decades, many tech firms distinguished themselves through capital-light operations and strong cash generation, allowing them to deliver both growth and profitability. This model enabled companies to attract investors by telling a compelling growth story, one centered on adaptability, continuous… Read More »
Daily Comment (June 26, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins with our view on speculation that OpenAI may delay its IPO. We then turn to rising tensions over tolls in the Strait of Hormuz. Next, we briefly discuss Italy’s push to overhaul its electoral system and the US government’s… Read More »
Daily Comment (June 25, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with key takeaways from Treasury Secretary Scott Bessent’s remarks at the Economic Club of New York. We then examine rising tensions between the US and its NATO allies and the implications for its strategic positioning against China. Next, we… Read More »
Daily Comment (June 24, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment focuses primarily on Venezuela’s efforts to reassert itself on the global stage following the removal of Nicolás Maduro. We then examine rising concerns around AI and monetary policy as investors reassess valuations. Finally, we briefly review the latest developments in… Read More »
Daily Comment (June 23, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with a few words on this week’s rout among technology stocks and the broader equity markets. We next review several other international and US developments that could affect the financial markets today, including a major US concession to… Read More »