Research & News
Daily Comment (December 5, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s a “Seinfeld” equity market this morning—equity futures are advancing on nothing in particular. Tory optimism is rising. There’s a general strike in France. U.S. is worried about Iran. Here are the details: Brexit: The GBP has been steadily rising in the… Read More »
Daily Comment (December 4, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Yesterday, trade worries with China led to a selloff. This morning, optimism has returned and equities are higher. Protests in Iran turn increasingly deadly. Thoughts on the U.K. elections. Here is what we are watching this morning: Trade: Yesterday, equity markets tumbled… Read More »
Daily Comment (December 3, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Trade worries continue to weigh on equity markets. NATO meeting starts tomorrow. Here is what we are watching this morning: Trade: The trade issue is getting increasingly messy and equity markets are falling. Here are some of the issues: France and tech… Read More »
Weekly Geopolitical Report – Lebanon and its “Revolution of the Millennials” (December 2, 2019)
by Patrick Fearon-Hernandez, CFA Working at NATO Headquarters in Brussels in the 1990s was a diverse experience: my coworker was Belgian, my boss was British, his boss was French and our secretary was Turkish. But what felt especially exotic were my weekends in eastern Belgium, on the Dutch border, with my Turkish, Egyptian and Lebanese… Read More »
Daily Comment (December 2, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Welcome back! Hope all had a great holiday; it’s now December, the last month of 2019. Ursula von der Leyen finally gets to take over as head of the EU commission. It’s a modest risk-on morning. Here are the details: China: A… Read More »
Daily Comment (November 27, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Good morning all! Equities are trading stronger as fears of a recession have been calmed by upward revisions to GDP for the third quarter. Below are the stories we will be tracking today: Mexico infrastructure: On Tuesday, Mexico’s government announced the first… Read More »
Daily Comment (November 26, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s very quiet this morning. (N.B. The Wednesday report will be the last one for this week; have a great Thanksgiving.) Chair Powell gave an upbeat speech. Trade negotiations continue. Chairman Xi is having a rough time lately. There was a major… Read More »
Daily Comment (November 25, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy Monday! This will be a short week for U.S. markets. (N.B. The Wednesday report will be the last one for this week; have a great Thanksgiving.) It’s a modest risk on day so far. There was some positive trade news. Tories… Read More »
Asset Allocation Weekly (November 22, 2019)
by Asset Allocation Committee (NB: Due to the Thanksgiving holiday, the next report will be published on December 6.) The health of the consumer is critical to the future path of economic growth. For the most part, consumption is accounting for most of the growth in the economy. This chart shows the four-quarter average of the… Read More »