Research & News
Daily Comment (September 6, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning. Risk markets are under pressure again this morning, with rising Treasury yields raising investor fears. Rising interest rates are also lifting the dollar. The JPY is challenging recent lows, and traders are watching for central bank intervention. In today’s Comment,… Read More »
Daily Comment (September 5, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with Chinese economic news. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including shocking new revelations about corruption in Mexico and unsettling news that the… Read More »
Daily Comment (September 1, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment will contain three themes: 1) Why Thursday’s inflation report is unlikely to change central banks’ rate decisions later this month; 2) How China’s new map complicates its effort to build a coalition of emerging economies to challenge the… Read More »
Daily Comment (August 31, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment has three main themes: 1) Why markets are rethinking expectations that the U.S. was in recovery; 2) How regulators are looking to rein in banks with new regulations; and 3) How El Niño may be a problem for… Read More »
Weekly Energy Update (August 31, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices were mostly rangebound this week, holding near recent highs. We are watching Hurricane Idalia as it travels through the Gulf of Mexico. Its current track suggests it will miss the most sensitive areas of oil and gas production, but it could disrupt… Read More »
Daily Comment (August 30, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with U.S. news, including yesterday’s blockbuster court decision that boosted cryptocurrency prices and a couple of words on the labor market data that boosted stocks. We next review a wide range of other international and U.S. developments with… Read More »
Daily Comment (August 29, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with concerns about a new El Niño event that could further boost global food prices and other global data showing a decline in alternative investments. We next review a wide range of other international and U.S. developments with… Read More »
Daily Comment (August 28, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a review of Federal Reserve Chair Powell’s address to the Kansas City FRB’s symposium in Jackson Hole on Friday. We next review a wide range of other international and U.S. developments with the potential to affect the… Read More »
Asset Allocation Bi-Weekly – Examining the Rise in T-Note Yields (August 28, 2023)
by the Asset Allocation Committee | PDF Perhaps the most interesting market event this month has been the rapid jump in 10-year Treasury note yields. At the end of May, the 10-year Treasury was yielding 3.64%, but recently the yield hit 4.36%. What’s behind this jump? Here are a few reasons behind the rise: Treasury… Read More »
Daily Comment (August 25, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment will be split into three main topics: 1) What investors will be looking for in Fed Chair Jerome Powell’s speech at Jackson Hole; 2) How China is using BRICS as a way to challenge the U.S. and its… Read More »