Research & News
Daily Comment (May 13, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our assessment of the latest CPI report and its implications for Fed policy. We then turn to AI, focusing on mounting concerns over the cybersecurity risks associated with these tools. Next, we briefly address Jamie Dimon’s call for… Read More »
Daily Comment (May 12, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with an update on the war in Iran, where President Trump appears to be increasingly frustrated that the Iranians are not caving to his demands in negotiations. We next review several other international and US developments that could… Read More »
Daily Comment (May 11, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with the latest developments in the Iran war, including Iran’s response to the latest US peace proposal. We next review several other international and US developments that could affect the financial markets today, including the US’s imposition of… Read More »
Asset Allocation Bi-Weekly – The Power of Gold (May 11, 2026)
by Patrick Fearon-Hernandez, CFA | PDF Since the Iran war began on February 28, several corners of the financial market have behaved in unusual and unexpected ways, with gold prices being perhaps the most surprising. Gold has been a safe-haven asset for centuries, and investors have come to expect its value to rise in times… Read More »
Daily Comment (May 8, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our views on rising concerns about AI‑related cybersecurity risks. We then turn to the UK elections, followed by brief discussions on the escalating tensions between the US and Iran, recent court rulings against universal tariffs, developments around the… Read More »
Daily Comment (May 7, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with our thoughts on the latest US proposal to Iran. We then turn our attention to signs that the Fed is growing increasingly divided. After that, we briefly address the rising trade tensions between the EU and US, China’s… Read More »
Daily Comment (May 6, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment opens with a discussion of private credit and AI, framed around key takeaways from the Milken Global Conference. We then share our views on the White House’s decision to end Operation Epic Fury. Next, we briefly address the administration’s push… Read More »
Daily Comment (May 5, 2026)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with an update on the war in Iran, where renewed military action by the US and Iran yesterday threatens to upset the ongoing ceasefire. We next review several other international and US developments that could affect the financial… Read More »
Bi-Weekly Geopolitical Report – Europe’s Push to Close the AI Gap (May 4, 2026)
by Thomas Wash | PDF The European Union is seeking a place at the starting line of the AI race as it attempts to catch up with the United States and China. According to the latest Competitiveness Report, not a single EU company founded in the past 50 years has organically reached a market capitalization… Read More »