Research & News
Daily Comment (November 3, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Equities are surging due to the employment data, and Victor Wembanyama has proved that being tall and mobile makes it easier to score points in basketball. Today’s Comment begins with a discussion on how central bank policy impacts bond yields,… Read More »
Daily Comment (November 2, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Equities are off to a great start and the Texas Rangers are the new World Series champions. Today’s Comment starts with a discussion about the latest FOMC meeting, followed by our thoughts on the dollar, and an update on the… Read More »
Weekly Energy Update (November 2, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices are off their recent highs on expectations that the Hamas crisis will remain contained. (Source: Barchart.com) Commercial crude oil inventories rose 0.8 mb compared to forecasts of a 2.0 mb build. The SPR was unchanged, which puts the net build at… Read More »
Daily Comment (November 1, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with new examples of how the Chinese Communist Party and government are intruding ever-more strongly into the economy. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets… Read More »
Daily Comment (October 31, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a note about the Pentagon’s annual report on Chinese military power. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including the latest on the… Read More »
Bi-Weekly Geopolitical Report – Investment Implications of the Israel-Hamas Conflict (October 30, 2023)
Patrick Fearon-Hernandez, CFA | PDF For investors, geopolitical risks today center on the Great Power competition involving countries like the United States, China, and Russia. Nevertheless, terrorism by non-state actors can still be destabilizing, as shown by the October 7 attacks on Israel by Hamas, the Palestinian terrorist group that controls the Gaza Strip. The… Read More »
Daily Comment (October 30, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with the latest on the Israel-Hamas conflict. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including a preview of the Bank of Japan’s important new… Read More »
Daily Comment (October 27, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Equities are off to a great start, and the Diamondbacks look to prove doubters wrong in the first game of the World Series. Today’s Comment begins with our analysis of the S&P 500’s recent poor performance, followed by a closer… Read More »