Research & News
Daily Comment (April 6, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Happy Maundy Thursday! Today’s Comment starts with our thoughts about tomorrow’s job report. Next, we discuss possible substitutes to the equity and futures markets to gauge investor reaction to the labor market data. Lastly, we review the latest development in the conflict… Read More »
Weekly Energy Update (April 6, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil jumped on the unexpected decision by OPEC+ to cut production targets. (Source: Barchart.com) Crude oil inventories fell 3.7 mb compared to the forecast of a 1.8 mb build. The SPR fell 0.4 mb. In the details, U.S. crude oil production was unchanged… Read More »
Daily Comment (April 5, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with the latest signs and implications of worsening U.S.-China tensions, including an important admission by a top U.S. business leader that China poses major economic threats to the U.S. and must be confronted. We next review a wide… Read More »
Daily Comment (April 4, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with some good news on global lithium prices and the prospect of lower costs for batteries and electric vehicles. We next review a wide range of other international and U.S. developments with the potential to affect the financial… Read More »
Bi-Weekly Geopolitical Report – The Windsor Framework (April 3, 2023)
Thomas Wash | PDF On February 27, the United Kingdom and the European Union announced an important agreement to resolve disputes over the Irish border. The arrangement, referred to as the Windsor Framework, has been hailed by British Prime Minister Rishi Sunak as a step toward restoring trust between the EU and U.K. However, despite… Read More »
Daily Comment (April 3, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with several indicators of increasing tensions between the U.S. and members of the evolving China-led geopolitical bloc, including Russia and Saudi Arabia. We next review a range of other international and U.S. developments with the potential to affect… Read More »
Daily Comment (March 31, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with an update on the ongoing banking crisis and how it may impact the real estate sector. Next, we review why precious metals, such as gold, have been able to perform well during a time of heightened… Read More »
Daily Comment (March 30, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! It’s Opening Day for major league baseball. In the financial markets, it’s a “risk on” day: equities and commodities are moving higher, while the dollar is weaker but interest rates have reversed higher. In today’s Comment, we open with China… Read More »