Research & News
Daily Comment (August 25, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with an update on the conflict in Iran, where the US has provided new details on its economic war against the country and its new secondary sanctions against countries and other entities that engage economically with Iran. We… Read More »
Daily Comment (August 24, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with a review of what appears to be a brewing trade war between the US and Canada. We next review several other international and US developments that could affect the financial markets today, including the latest on the… Read More »
Bi-Weekly Geopolitical Report – On Lessons Learned: China and Consumption Policy (August 24, 2026)
by Bill O’Grady | PDF “From the errors of others, a wise man corrects his own.” – Publilius Syrus China’s persistent trade surpluses have become an international problem. Through tariffs, the United States has reduced its bilateral trade deficit with China, but now Europe is facing an onslaught of Chinese goods. Simply put, China’s trade… Read More »
Daily Comment (August 21, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with news of another major disruption in the global shipping industry, which will likely drive up costs for customers trying to move their goods around the world. We next review several other US and international developments that could… Read More »
Daily Comment (August 20, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with an important new development in the Iran war, where reports say the US has been quietly running convoys of oil tankers through the Strait of Hormuz. We next review several other international and US developments that could… Read More »
Daily Comment (August 19, 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 new attacks on shipping add to evidence that the conflict will continue for some time. We next review several other international and US developments that could affect the financial… Read More »
Daily Comment (August 18, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with an update on the conflict in Iran, where there are new signs of the war expanding. We next review several other international and US developments that could affect the financial markets today, including new evidence that sophisticated… Read More »
Daily Comment (August 17, 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 new reporting confirms our suspicions that hardline leaders in Tehran intend to keep fighting the US. We next review several other international and US developments that could affect the… Read More »
Asset Allocation Bi-Weekly – China’s Threat to the AI Investment Boom (August 17, 2026)
by Patrick Fearon-Hernandez | PDF The artificial intelligence frenzy has arguably become the most important driver of US economic growth and financial market returns. Large technology firms ranging from established giants like Meta to upstart powerhouses such as OpenAI are spending billions of dollars to develop the most powerful large language models. To accommodate the… Read More »