Research & News
Daily Comment (August 28, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our views on Fed Chair Kevin Warsh as markets await his speech at Jackson Hole. We then turn to Venezuela where the US is pushing for stakes in the oil fields there. Following that, we briefly cover several… Read More »
Daily Comment (August 27, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins with Nvidia’s strong earnings report and the potential implications for the AI trade. We then turn to the Iran‑US conflict, which has entered a new phase. Following that, we briefly cover a few other topics, including Bill Gates’s warning… Read More »
Daily Comment (August 26, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins with the escalating trade tensions between the US and Canada and why China may be behind the rift. We next examine the fiscal front, analyzing Richmond Fed President Thomas Barkin’s concerns about the growing deficit and the potential risks… Read More »
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 »