Research & News
Daily Comment (August 10, 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 lots of new developments related to the world’s energy markets. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets… Read More »
Daily Comment (August 9, 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 new estimates of Russian military casualties to date and a call from the Ukrainian president to accept nothing less than total victory. We next review a wide range of other… Read More »
Daily Comment (August 8, 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, where the main news focuses on fighting around a major nuclear power plant and Russian preparations to hold a sham referendum on annexing the territories it occupies to Russia. We next… Read More »
Asset Allocation Bi-Weekly – The Devil Is in the Details (August 8, 2022)
by the Asset Allocation Committee | PDF U.S. policymakers used deregulation and globalization to corral inflation from 1966 to 1982. Unfortunately, that policy was at odds with America’s superpower role, which required the U.S. to act as global importer of last resort. If the U.S. didn’t consume all the goods the world wanted to sell… Read More »
Daily Comment (August 5, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Today’s Comment starts with a focus on the potential spillover effects of Russia’s invasion of Ukraine. Next, we examine policymakers’ dilemma of whether to promote growth or contain inflation. We conclude by discussing a possible rightward shift in U.S. policy. Russia: The… Read More »
Daily Comment (August 4, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Today’s Comment begins with a discussion on the central banks’ decision to raise rates despite slowing economic growth. Next, we examine how rising geopolitical risks make it more difficult for firms to rebuild their supply chains. We end the report with an… Read More »
Weekly Energy Update (August 4, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Prices are testing long-term support near $90 per barrel for crude oil. (Source: Barchart.com) Crude oil inventories rose 4.5 mb compared to a 1.5 mb draw forecast. The SPR declined 4.7 mb, meaning the net draw was 0.2 mb. In the details, U.S. crude… Read More »
Daily Comment (August 3, 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 a revelation that President Biden has personally threatened Chinese President Xi with trade restrictions if China helps Russia with its invasion. We next review a wide range of other international… Read More »