Research & News
Daily Comment (August 19, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with a recap of yesterday’s White House summit between President Trump, Ukrainian President Zelensky, and top European leaders. We next review several other international and US developments with the potential to affect the financial markets today, including US… Read More »
Daily Comment (August 18, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with a few words on the Trump-Putin summit in Alaska late Friday. We next review several other international and US developments with the potential to affect the financial markets today, including a new intra-day record high for Japanese… Read More »
Asset Allocation Bi-Weekly – Navigating the Waves of BLS Revisions (August 18, 2025)
by Thomas Wash | PDF The federal government’s economic reports are a valuable resource — timely, comprehensive, and generally recognized as unbiased. However, the data’s accuracy is a growing concern and has been exacerbated by pandemic-related distortions that are still largely unaddressed. We have always triangulated our analysis of government data with private data and… Read More »
Daily Comment (August 15, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment will begin by analyzing how a potential US government stake in Intel could signify a shift in economic models. We’ll then examine other critical market developments, including China’s economic slowdown, India’s push for stimulus, and the Democratic Party’s potential rebrand.… Read More »
Daily Comment (August 14, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment will begin by exploring how a potential Fed leadership shakeup could influence monetary policy. From there, we turn to other critical market developments, including the implications of the Trump-Putin talks, Poland’s investor-friendly reforms to spur domestic equity demand, and fresh… Read More »
Daily Comment (August 13, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment will begin by exploring the market’s optimism for a rate cut at the upcoming Fed meeting. We will then analyze other key stories shaping the market, including the intensifying AI competition between the US and China, diplomatic efforts to bring… Read More »
Daily Comment (August 12, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with President Trump’s extension yesterday of the US-China trade truce, along with additional issues in the bilateral relationship. We next review several other international and US developments with the potential to affect the financial markets today, including another… Read More »
Bi-Weekly Geopolitical Report – Update on US and China Defense Spending (August 11, 2025)
by Patrick Fearon-Hernandez, CFA | PDF In our Mid-Year Geopolitical Outlook, we reminded investors that President Trump’s import tariffs aren’t the only issue between the United States and China, despite the media frenzy surrounding them so far this year. We warned that even as the trade dispute persists, China is continuing to press for geopolitical… Read More »