Research & News
Daily Comment (October 13, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Equities are up slightly, and the Atlanta Braves are out of the playoffs. Today’s Comment starts with our thoughts on the inflation report. We then follow with discussions on rising global borrowing costs, the Polish Parliamentary elections, and provide an… Read More »
Weekly Energy Update (October 13, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF The Hamas attack on Israel did lift oil prices earlier this week, but markets are mainly taking a “wait and see” approach to prices so far. (Source: Barchart.com) Commercial crude oil inventories jumped 10.2 mb compared to forecasts of a 0.4 mb draw. The… Read More »
Daily Comment (October 12, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Equities are off to a great start and the Dodgers are out of the playoffs. Today’s Comment begins with a discussion of the increased scrutiny facing social media companies, our analysis of the latest FOMC meeting minutes, and an update… Read More »
Daily Comment (October 11, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a warning from the International Monetary Fund about global public finances. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including the latest on the… Read More »
Daily Comment (October 10, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on the situation in Israel, where the country’s military is poised to launch a ground attack on Hamas fighters in the Gaza Strip and all eyes are watching for a potential widening of the conflict. … Read More »
Daily Comment (October 9, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning. Financial markets have been roiled by events in the Middle East, which we will discuss. We are seeing market reactions typical with such geopolitical events, such as a stronger dollar, higher oil prices, a surge in gold, and a decline… Read More »
Asset Allocation Bi-Weekly – The FOMC in 2024 (October 9, 2023)
by the Asset Allocation Committee | PDF The Federal Reserve’s Federal Open Market Committee (FOMC) votes on monetary policy. The FOMC consists of seven governors, the New York FRB president, and a rotating roster of four regional presidents who serve a one-year term on the committee. This rotation feature means that the policy leanings of… Read More »
Daily Comment (October 6, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Our Comment begins with a discussion about whether the Fed can deliver a soft landing, Russia’s decision to reverse course on oil exports, and why investors should pay attention to Mexican politics. As usual, our report also provides an overview… Read More »
Daily Comment (October 5, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Happy Fat Bear Week! We’ve already filled out a bracket, and our money is on #32 Chunk to take the crown as the fattest bear. Today’s Comment discusses the recent rise in global bond yields, the ongoing dollar drought, and problems with… Read More »