Research & News
Daily Comment (May 19, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with a short update on the war in Iran. We next review several other international and US developments that could affect the financial markets today, including a report of stronger-than-expected economic growth in Japan in the first quarter… Read More »
Bi-Weekly Geopolitical Report – The Trade Trilemma Revisited (May 18, 2026)
by Thomas Wash | PDF In February 2026, the United States Supreme Court struck down the import tariffs imposed by the Trump administration in April 2025 under the International Emergency Economic Powers Act (IEEPA), eliminating the import charges that had been applied to specific countries but leaving in place those imposed on certain products. While… Read More »
Daily Comment (May 18, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with a short review of the US-China summit in Beijing late last week. We next review several other international and US developments that could affect the financial markets today, including a potential labor strike at South Korean semiconductor… Read More »
Daily Comment (May 15, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our views on the new Federal Reserve chair. We then examine recent signs that the US is seeking greater influence in Latin America. After that, we briefly cover a potential challenger to UK Prime Minister Keir Starmer, provide… Read More »
Daily Comment (May 14, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our takeaways from the first day of US-China trade talks. We then turn to fixed income and examine the drivers behind the 30-year Treasury yield’s move to 5%. Next, we briefly cover Federal Reserve Chair Warsh’s confirmation, the… Read More »
Daily Comment (May 13, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our assessment of the latest CPI report and its implications for Fed policy. We then turn to AI, focusing on mounting concerns over the cybersecurity risks associated with these tools. Next, we briefly address Jamie Dimon’s call for… Read More »
Daily Comment (May 12, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with an update on the war in Iran, where President Trump appears to be increasingly frustrated that the Iranians are not caving to his demands in negotiations. We next review several other international and US developments that could… Read More »
Daily Comment (May 11, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with the latest developments in the Iran war, including Iran’s response to the latest US peace proposal. We next review several other international and US developments that could affect the financial markets today, including the US’s imposition of… Read More »