Research & News
Asset Allocation Bi-Weekly – The Fed’s Other Policy Tool (March 18, 2024)
by the Asset Allocation Committee | PDF While the Federal Reserve’s dual mandate focuses on achieving maximum employment and stable prices, managing long-term interest rates has also played a significant role since the enactment of the Federal Reserve Act in 1977.[1] Recent actions have raised questions about the Fed potentially anchoring the 10-year Treasury yield… Read More »
Daily Comment (March 15, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Equities are off to a so-so start as investors brace for next week’s FOMC meeting. In sports news, the Champions League matchups are set, with a highly anticipated clash between Real Madrid and Manchester City in the quarterfinals. Today’s Comment… Read More »
Daily Comment (March 14, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Equities have pared early gains due to stronger-than-expected PPI data and subpar retail sales figures. Meanwhile, Purdue, UConn, Houston, and Tennessee were able to secure top seeds for the NCAA Tournament. Today’s Comment dives into our thoughts on central banks… Read More »
Daily Comment (March 13, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment opens with a discussion of today’s expected congressional vote on forcing Chinese tech giant ByteDance to divest the US operations of TikTok. We next review a range of other international and US developments with the potential to affect the financial… Read More »
Daily Comment (March 12, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a Nigerian government crackdown on cryptocurrencies and their use to avoid the country’s currency controls. We next review a wide range of other international and US developments with the potential to affect the financial markets today, including… Read More »
Bi-Weekly Geopolitical Report – Rebirth of US Nuclear Deterrence (March 11, 2024)
by Daniel Ortwerth, CFA & Patrick Fearon-Hernandez, CFA | PDF Fifteen years ago, a revolution in United States national security policy began very quietly. It occurred within a subject we have recently addressed in this forum and that is re-emerging as a hot topic of discussion in national security circles after a long hiatus: deterrence,… Read More »
Daily Comment (March 11, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with news that the Russian military was actively considering the use of nuclear weapons in Ukraine in the autumn of 2022. We next review a range of other international and US developments with the potential to affect the… Read More »
Daily Comment (March 8, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Equities are off to a blazing start today, fueled by a stellar jobs report. Adding to the excitement, Phoenix secured its place as the host city for next year’s NBA All-Star Game! Today’s Comment delves into central bank views on… Read More »
Daily Comment (March 7, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Stocks are rallying this morning as investors gain confidence in the possibility of central banks lowering interest rates later in 2024. On the sports front, Real Madrid secured a hard-fought victory against RB Leipzig, advancing to the Champions League quarterfinals.… Read More »