Research & News
Daily Comment (February 9, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Today’s Comment begins with our thoughts on a report written by Seymour Hersh concerning the explosions that damaged the Nord Stream pipelines. We next share our view on the market’s switch in sentiment regarding central bank hawkishness. Next, we discuss the dollar’s… Read More »
Weekly Energy Update (February 9, 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 2.4 mb compared to a 2.0 mb build forecast. The SPR was unchanged. In the details, U.S.… Read More »
Daily Comment (February 8, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with the latest on the spiraling of tensions between the U.S. and China. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including news that the… Read More »
Daily Comment (February 7, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with news that yesterday’s earthquakes in Turkey have closed a major oil exporting terminal, pushing up global prices. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets… Read More »
Bi-Weekly Geopolitical Report – Is Japan’s Sun Rising Again? (February 6, 2023)
Patrick Fearon-Hernandez, CFA | PDF Ever since Japan’s “bubble economy” imploded at the end of the 1980s and its population began to fall in the 2000s, investors have tended to dismiss the country’s financial markets as well as its geopolitical and economic standing. Japan’s pacifist constitution and its diplomatic deference to the United States constrained… Read More »
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 »