Research & News
Daily Comment (April 21, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s report opens with a discussion of the growing division within Russia over its invasion of Ukraine and what it could mean for emerging markets. Next, we briefly discuss other international news stories and close with our pandemic coverage. Russian… Read More »
Weekly Energy Update (April 21, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices did break out of a descending triangle, which is bullish, but for the most part, we look for prices to be rangebound for the next six months during the SPR withdrawal. (Source: Barchart.com) Crude oil inventories unexpectedly fell 8.0 mb compared to… Read More »
Daily Comment (April 20, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today begins with an update on the Russia-Ukraine war. Russian forces continue to ratchet up their attacks on eastern and southern Ukraine, and the U.S. is preparing a new shipment of artillery and other heavier arms. We next review a… Read More »
Daily Comment (April 19, 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; reports suggest Russian forces have launched the long-anticipated Battle for Donbas. We next review a range of international and U.S. developments with the potential to affect the financial markets. We… Read More »
Daily Comment (April 18, 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 it appears the southeastern city of Mariupol is about to fall to the Russians. We next review a range of international and U.S. developments with the potential to affect the… Read More »
Asset Allocation Bi-Weekly – The Bank of Japan Cocks the Trigger (April 18, 2022)
by the Asset Allocation Committee | PDF In Hollywood movies, the classic device to convey a menacing threat is to have the tough-guy cop pull back the hammer on his revolver and cock the trigger. It’s not enough that the cop just points his gun at the criminal. Once you hear that “click,” you know… Read More »
Daily Comment (April 14, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! In today’s report, we give a fresh update on the Russian invasion of Ukraine and what it may mean for the global economy. Next is a brief overview of international news, followed by economic and policy news. We end with… Read More »
Weekly Energy Update (April 14, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices appear to be settling into a trading range. (Source: Barchart.com) Crude oil inventories rose 9.4 mb compared to an unchanged forecast. The SPR declined 3.9 mb, meaning the net build was 5.5 mb. In the details, U.S. crude oil production is unchanged… Read More »
Daily Comment (April 13, 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 discussion of the trend toward ever-greater U.S. and European sanctions, weapons shipments, and alliance building against Russia, which are likely to lead to greater risks over time. We next… Read More »