Research & News
Bi-Weekly Geopolitical Report – Reflections on the 20th Party Congress (November 7, 2022)
by Bill O’Grady | PDF (The Bi-Weekly Geopolitical Report will not be published in two weeks due to Thanksgiving. The report will return on December 12.) The Communist Party of China’s (CPC) 20th Party Congress has come to a close. By all accounts, General Secretary Xi has tightened his grip on power. Not only has… Read More »
Daily Comment (November 7, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on the Russia-Ukraine war. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including multiple reports related to China. Importantly, there are conflicting… Read More »
Daily Comment (November 4, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with our thoughts on the impact higher interest rates will have on investor sentiment. Next, we discuss how the changing geopolitical landscape is forcing leaders to rethink their alliances. Lastly, we talk about both the positive and… Read More »
Daily Comment (November 3, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning. Today’s Comment begins with our thoughts on the Federal Reserve’s rate decision. Next, we discuss how the Fed indirectly pressures other central banks to tighten their own policy. Finally, we explain how an international push away from globalization will likely… Read More »
Weekly Energy Update (November 3, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices appear to be building in a base in the mid-$80s. (Source: Barchart.com) Crude oil inventories fell 3.1 mb compared to a 1.5 mb build forecast. The SPR declined 1.9 mb, meaning the net draw was 5.0 mb. In the details, U.S.… Read More »
Daily Comment (November 2, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on the Russia-Ukraine war, including news that Russia has reversed its decision to stop participating in the UN-brokered deal which allows Ukraine to keep exporting grain out of its southern ports. We next review a… Read More »
Daily Comment (November 1, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on the Russia-Ukraine war, including the latest on Russia’s destruction of Ukrainian civilian infrastructure and Yevgeny Prigozhin’s continued effort to position himself for a potential takeover of power. We next review a wide range of… Read More »
Daily Comment (October 31, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on the Russia-Ukraine war, including the latest on Russia’s apparent withdrawal from the UN-brokered deal which allowed Ukraine to export grain from its southern ports. We next review a wide range of other international and… Read More »
Asset Allocation Bi-Weekly – The Inflation Adjustment for Social Security Benefits in 2023 (October 31, 2022)
by the Asset Allocation Committee | PDF Even for dedicated, successful investors who have built up a substantial nest egg, Social Security retirement and disability investments can be an important part of one’s financial security. For many Americans, Social Security benefits may be the only significant source of income in old age. On average, Social… Read More »