Research & News
Asset Allocation Bi-Weekly – The Cap-Weighted and Equal-Weighted S&P 500 (September 8, 2025)
by Patrick Fearon-Hernandez, CFA | PDF There are many ways to describe the strong performance in large cap US stock prices this year. You could simply call it a bull market, with the S&P 500 total return index up 31.2% since its low in early April and up 11.5% year-to-date. The strong buying pressure could… Read More »
Daily Comment (September 5, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with a discussion on the deepening relationship between Silicon Valley and Washington by examining recent political and economic developments. Additional key topics to review will include Stephen Miran’s Senate confirmation hearing, China’s new tariffs on EU pork imports, and… Read More »
Daily Comment (September 4, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens by analyzing the market’s growing anticipation of a rate cut at the upcoming FOMC meeting. We then pivot to critical global developments, including rising discontent within the EU Parliament over the US trade deal, the bond market’s concerns regarding… Read More »
Daily Comment (September 3, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our analysis of China’s recent military parade and its implications. We then turn to pivotal global developments, such as the ongoing global bond sell-off, the potential digitization of gold, and Moody’s optimistic outlook on Europe’s private credit markets.… Read More »
Daily Comment (September 2, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with some notes on the big Shanghai Cooperation Organization summit in Tianjin, China. We next review several other international and US developments with the potential to affect the financial markets today, including a sharp sell-off in British government… Read More »
Daily Comment (August 29, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with an analysis of the recent upward revisions to US GDP data. We then explore several pivotal global developments, including Japan’s potential shift away from long-duration bond issuance, Canada’s concession on US tariffs, and the sell-off in British bank… Read More »
Daily Comment (August 28, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins with our analysis of Nvidia’s recent earnings and what they suggest about the ongoing AI boom. We then examine key global developments, including a strategic move by US allies to boost investment in rare earths production, Mexico’s decision to… Read More »