Research & News
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 »
Daily Comment (August 27, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins with an analysis of the escalating feud between the White House and the Federal Reserve. Next, we examine key global developments, including an unexpectedly strong consumer confidence reading for August, new US commitments for supporting Ukraine in its post-war… Read More »
Daily Comment (August 26, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with a quick overview of President Trump’s move to oust Federal Reserve Governor Lisa Cook. We next review several other international and US developments with the potential to affect the financial markets today, including the French government’s risky… Read More »
Bi-Weekly Geopolitical Report – Tariff Trilemma: The Three Rs Driving US Trade Policy (August 25, 2025)
by Thomas Wash | PDF Not all tariffs are created equal. Throughout the history of the United States, tariffs have been employed to achieve three primary objectives: (1) to pressure other governments into lowering their own trade barriers, (2) to generate revenue, and (3) to protect domestic industries. While ideally these goals would be achieved… Read More »
Daily Comment (August 25, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with a couple of notes on the global supply of rare-earth minerals, which are critical for many of today’s advanced technologies, weapons systems, and economic prospects. We next review several other international and US developments with the potential… Read More »
Daily Comment (August 22, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment begins with new data that is showing a resurgence in US economic activity this month. Next, we delve into several pivotal global developments including the EU’s push to create a digital euro, the growing trend of tariff evasion through transshipment,… Read More »