Research & News
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 »
Weekly Energy Update (September 28, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices are breaking out, raising the potential for a move toward $95 per barrel. (Source: Barchart.com) Commercial crude oil inventories fell 2.2 mb compared to forecasts of a 2.0 mb build. The SPR fell 0.3 mb, which puts the net draw at 2.4… Read More »
Daily Comment (September 27, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with the latest on the prospects for a partial shutdown of the U.S. government starting this weekend due to budget gridlock. We next review a wide range of other international and U.S. developments with the potential to affect… Read More »
Daily Comment (September 26, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a new report from the International Energy Agency that could further discourage needed investments in fossil fuel supplies and could help drive energy prices even higher in the coming years. We then review a wide range of… Read More »
Daily Comment (September 25, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with the latest on Canada’s allegations that India assassinated a Canadian citizen in British Columbia in June. The resulting strain on Canadian-Indian relations could have big implications for the U.S.’s effort to use India as an economic and… Read More »