Research & News
Daily Comment (February 6, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with a few words on last week’s Chinese spy balloon incident and Chinese support for Russia’s war in Ukraine, which together are likely to worsen the spiral of tensions between the U.S. and China and put investors at… Read More »
Daily Comment (February 3, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Today’s Comment begins with our concerns about the market’s dovish interpretation of the remarks from the central banks. Next, we discuss why poor Q4 earnings may not lead to a weak performance in the stock market. We end the report… Read More »
Daily Comment (February 2, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Our Comment begins with the latest Federal Open Market Committee meeting, including the decision to raise rates. Next, we cover the rate decisions of the European Central Bank and the Bank of England. Finally, we discuss Germany’s recent moves to… Read More »
Weekly Energy Update (February 2, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices appear to have based but so far have failed to break above resistance at around $80-$82 per barrel. (Source: Barchart.com) Crude oil inventories rose 4.1 mb compared to a 1.0 mb draw forecast. The SPR was unchanged. In the details, U.S.… Read More »
Daily Comment (February 1, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with more good news on global price inflation. Data today showed that the Eurozone’s consumer inflation has again cooled modestly, though probably not enough to prompt the European Central Bank to slow its aggressive interest-rate hikes. We next… Read More »
Daily Comment (January 31, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with positive reports on the global gold market in 2022 and world economic growth in 2023. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including… Read More »
Daily Comment (January 30, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with confirmation that the U.S. has secured the cooperation of Japan and the Netherlands in clamping down on key semiconductor technology transfers to China. The move is designed to suppress China’s military technology development, but it will also… Read More »
Asset Allocation Bi-Weekly – Secular Trends In Bond Yields (January 30, 2023)
by the Asset Allocation Committee | PDF [Note: The podcast that accompanies this report will be posted later this week.] Secular trends in markets are trends that have an extended life. Their length can be different across various markets, but they are usually measured in years and sometimes decades. It is not uncommon for shorter-term… Read More »