Research & News
Bi-Weekly Geopolitical Report – Introducing Friedrich Merz, Chancellor of Germany (June 23, 2025)
by Daniel Ortwerth, CFA | PDF The last year has witnessed an extraordinary series of events in German politics. A chancellor failed a no-confidence vote. A parliament collapsed. The subsequent parliamentary election, which typically happens on a five-year cycle, was moved forward by five months. In that election, Germany’s far-right party surged to a second-place… Read More »
Daily Comment (June 23, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with the latest on the Israel-Iran conflict and the US’s bomber and missile attacks on Iran over the weekend. We next review several other international and US developments with the potential to affect the financial markets today, including… Read More »
Daily Comment (June 20, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with the latest on the Israel-Iran conflict. President Trump is reportedly prepared to have the US join in Israel’s attack against Iran, but he still wants to give diplomacy more time before making the final decision. We next… Read More »
Daily Comment (June 18, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Good morning! The market is focused on the Federal Reserve’s pivotal policy rate decision. In today’s Comment, we’ll provide the latest updates on the escalating Israel-Iran conflict, analyze what to expect from the Fed’s rate announcement, and highlight other key market-moving developments.… Read More »
Daily Comment (June 17, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with the latest developments in the Israel-Iran conflict. We next review several other international and US developments with the potential to affect the financial markets today, including new forecasts of excess supply in the world oil market despite… Read More »
Daily Comment (June 16, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with the latest developments in the Israel-Iran conflict. We next review several other international and US developments with the potential to affect the financial markets today, including signs that the US and China remain susceptible to new military… Read More »
Asset Allocation Bi-Weekly – The Economy That Won’t Die (June 16, 2025)
by Thomas Wash | PDF The old Wall Street quip about economists having “predicted nine of the last five recessions” has never felt more painfully relevant. Since the pandemic era began, economists have sounded the recession alarm no fewer than three times: first when gross domestic product (GDP) shrank in early 2022, again during the… Read More »