Research & News
Bi-Weekly Geopolitical Report – Venezuela Threatens Guyana (March 25, 2024)
by Patrick Fearon-Hernandez, CFA | PDF Even though “Great Power” competition between big countries like the United States and China is once again the main source of tension in international affairs, smaller-scale tensions and conflicts involving regional powers still have the potential to disrupt key supply chains and escalate into broader wars. One such potential… Read More »
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 »
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 »
Asset Allocation Bi-Weekly – Uranium Demand, Supply, and Investment Prospects (March 4, 2024)
by the Asset Allocation Committee | PDF In an important adjustment to our Asset Allocation strategies last October, we introduced an exchange-traded fund focused on uranium producers into our mid-cap equity exposure. At the time, we noted in our Asset Allocation Quarterly that the move aimed to take advantage of government policies around the world… Read More »
Bi-Weekly Geopolitical Report – Posen vs. Pettis (February 26, 2024)
by Bill O’Grady | PDF Michael Pettis is a professor of finance at Guanghua School of Management at Peking University in Beijing and a nonresident senior fellow at the Carnegie Endowment for International Peace. He is a well-known analyst of China’s economy and financial system. Adam Posen is currently the president of the Peterson Institute for International Economics. … Read More »