Research & News
Daily Comment (October 5, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Happy Fat Bear Week! We’ve already filled out a bracket, and our money is on #32 Chunk to take the crown as the fattest bear. Today’s Comment discusses the recent rise in global bond yields, the ongoing dollar drought, and problems with… Read More »
Weekly Energy Update (October 5, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF After making a run at $95 per barrel last week, prices are correcting; we suspect rising interest rates are increasing fears of an economic slowdown. (Source: Barchart.com) Commercial crude oil inventories fell 2.2 mb compared to forecasts of a 1.5 mb build. The SPR… Read More »
Daily Comment (October 4, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with U.S. news, with a focus on last night’s historic vote in Congress to remove House Speaker McCarthy. We next review a wide range of other international developments with the potential to affect the financial markets today, including… Read More »
Daily Comment (October 3, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a discussion of the battle brewing over Chinese influence at the International Monetary Fund. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including a… Read More »
Bi-Weekly Geopolitical Report – The Oil Weapon Returns (October 2, 2023)
Bill O’Grady | PDF Oil is arguably the most critical commodity. Although food is perhaps more essential to life, most food production today is dependent on fossil fuels. Daniel Yergin’s epic history of oil, The Prize,[1] examines who had oil, who needed oil, and what they did to secure it. Due to oil’s importance, there… Read More »
Daily Comment (October 2, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a recap of the U.S. Congress’s last-minute deal on Saturday to avert a partial government shutdown. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today,… Read More »
Daily Comment (September 29, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment will begin with a discussion of the potential for a soft landing, Europe’s budget problems, and an update on government shutdown talks. As usual, our report also provides an overview of the latest domestic and international data releases.… Read More »
Daily Comment (September 28, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! The S&P 500 is off to a decent start, 10-year Treasury yields are up, and Republican contenders failed to make a spark at last night’s debate. Today’s Comment will cover the rising dollar, several unions’ fights against AI, and Russia’s… Read More »