Research & News
Asset Allocation Bi-Weekly – Believe It or Not, Fiscal Policy Is Tightening (March 7, 2022)
by the Asset Allocation Committee | PDF The U.S. economy and government economic policies have many moving parts, but investors often latch onto just one or two indicators or policy initiatives to gauge where asset prices are heading. These days, their focus has been on consumer price inflation and the Federal Reserve’s plan to hike… Read More »
Daily Comment (March 4, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! In today’s report, we continue our coverage of the Russian invasion of Ukraine. We next discuss some non-Ukraine news, including the Iran nuclear deal and the upcoming election in South Korea. We conclude with our pandemic coverage. Russian forces continue… Read More »
Daily Comment (March 3, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Today’s report begins with the latest developments of the Ukraine Crisis. We will then go over recent central bank news. Afterward, we will discuss economic and policy updates and conclude with our standard pandemic coverage. Russia-Ukraine Entering its 8th day,… Read More »
Weekly Energy Update (March 3, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices are moving sharply higher as sanctions expand against Russia. (Source: Barchart.com) Crude oil inventories unexpectedly fell 2.6 mb compared to a 2.5 mb draw forecast. The SPR declined 2.4 mb, meaning the net build was 5.0 mb. In the details, U.S. crude… Read More »
Daily Comment (March 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, in which Russia appears to be ratcheting up its attacks on civilians. We next review a range of international and U.S. developments that have the potential to affect the financial markets… Read More »
Daily Comment (March 1, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF We begin today’s Comment with an update on the Russia-Ukraine war. The biggest development is that Russia seems poised to intensify its attacks and broaden them to include indiscriminate volleys against civilians. We next review a number of global, international, and U.S.… Read More »
Bi-Weekly Geopolitical Report – The Turkish Experiment (February 28, 2022)
by Bill O’Grady | PDF Don’t miss the accompanying Geopolitical Podcast, now available on our website and most podcast platforms: Apple | Spotify | Google The Turkish economy is being roiled by spiking inflation and a sharp decline in the Turkish lira (TRY). The orthodox response to such a macroeconomic crisis is austerity. Fiscal and… Read More »
Daily Comment (February 28, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with an extensive update on the Russia-Ukraine crisis. Among many significant developments over the weekend, the Russian offensive seems to have stalled, prompting talks between Russian and Ukrainian officials this morning. All the same, the U.S. and its… Read More »