Research & News
Bi-Weekly Geopolitical Report – The Great AI Race: A Sputnik Moment for the 21st Century (September 15, 2025)
by Thomas Wash | PDF On his first full day in office, President Trump convened a group of prominent tech leaders in what he characterized as an effort to secure the United States’ technological future. This meeting launched the largest artificial intelligence infrastructure initiative in US history, named Stargate Project. The strategy forged a major… Read More »
Daily Comment (September 15, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with key news on the US-China and US-Russia relationships that could affect US technology companies and global energy supplies. We next review several other international and US developments with the potential to affect the financial markets today, including… Read More »
Daily Comment (September 12, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins with an analysis of OpenAI’s pivotal shift from a non-profit structure and its broader implications for the AI sector rally. We then explore the market’s optimistic anticipation of potential rate cuts at the upcoming Federal Reserve meeting. Our discussion… Read More »
Daily Comment (September 11, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins by examining the White House’s push for a greater share of university patent revenue and the underlying ideological shift this move represents. We then analyze the latest Producer Price Index report and its implications for monetary policy. The discussion… Read More »
Daily Comment (September 10, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins with the recent downward payroll revisions and explains our sustained optimism regarding the market’s resilience. We then examine escalating tensions in the Middle East, the surge in AI-driven market enthusiasm, and the potential for a collaborative US-EU effort to… Read More »
Daily Comment (September 9, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with news of a potentially fundamental change in US defense strategy that could have large implications for the country’s foreign relations, economy, and financial markets. We next review several other international and US developments with the potential to… Read More »
Daily Comment (September 8, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with yet another production hike from a key group of oil producers, which will likely help keep a lid on global energy costs and help offset the impact of other types of rising prices. We next review several… Read More »
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 »