Research & News
Daily Comment (May 24, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning. After a strong rally off the lows on Friday and impressive follow-through yesterday, risk assets are lower this morning. However, one pattern emerging in the past couple of weeks is that the correlation between stocks and bonds has again become… Read More »
Bi-Weekly Geopolitical Report – Going Nuclear with North Korea (May 23, 2022)
by Thomas Wash | PDF At nearly 5,000 nuclear warheads, Ukraine had one of the largest nuclear arsenals in the world on its territory. If Ukraine hadn’t transferred those weapons to Russia in 1996, it is unlikely that Moscow would have invaded. North Korea believes it is facing a similar threat which is why it… Read More »
Daily Comment (May 23, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! On Friday, the S&P 500 flirted with official bear market territory (a decline of 20% from the high), but using the words of a locally once famous market strategist, it made a “Hollywood finish” and closed nearly… Read More »
Daily Comment (May 20, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s report begins with a brief update on the war in Ukraine. Afterward, there is a discussion on the Federal Reserve’s determination to rein in inflation at all costs. Next, we look at international news, followed by economics and policy.… Read More »
Daily Comment (May 19, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Our report begins with the market’s reaction to disappointing quarterly reports from major retailers. Afterward, we give an update on the Russian invasion of Ukraine. Next is a discussion about Sri Lanka’s default and rising tensions surrounding Taiwan. We end… Read More »
Weekly Energy Update (May 19, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices have moved higher this week, touching technical resistance at $115 per barrel. (Source: Barchart.com) Crude oil inventories unexpectedly fell 3.4 mb compared to a 1.6 mb build forecast. The SPR declined 5.0 mb, meaning the net draw was 8.4 mb. In… Read More »
Daily Comment (May 18, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment opens with an update on the Russia-Ukraine war, where Russian President Putin appears to be facing increasing popular discontent with the war. We also provide a detailed discussion of the implications now that Sweden and Finland have formally applied for… Read More »
Daily Comment (May 17, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Today, we open our Comment with an update on the Russia-Ukraine war, where the Russian offensives still seem to be stalled, and Ukraine continues to build its momentum. We next review a range of international and U.S. developments with the potential to… Read More »
Daily Comment (May 16, 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. Russian forces remain undermanned and largely stalled out, while Ukrainian forces are launching even more aggressive counterattacks. We next review a range of international and U.S. developments with the potential to… Read More »