Research & News
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 »
Daily Comment (February 25, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Today’s Comment will keep our focus on the Russian invasion of Ukraine. We are seeing a modest “risk-on” this morning due to reports that Russia is open to talks on Ukraine. We have our doubts about Moscow’s sincerity, but the… Read More »
Weekly Energy Update (February 25, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices briefly moved above $100 per barrel on news of the Russian invasion of Ukraine. (Source: Barchart.com) Crude oil inventories unexpectedly rose 4.5 mb compared to a 1.0 mb draw forecast. The SPR declined 2.4 mb, meaning the net build was 2.1 mb.… Read More »
Daily Comment (February 24, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Today’s report will focus primarily on the Russian invasion of Ukraine. On this day of global crisis, we at Confluence express our gratitude to the members of the U.S. military and intelligence community who are standing by to serve and… Read More »
Daily Comment (February 23, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with an update on the Russia-Ukraine crisis, where the U.S. and other Western nations have now imposed sanctions on Russia for its deployment of troops into the Donbas region. Those sanctions are seen by many observers to be… Read More »
Daily Comment (February 22, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF On this historic day, as the post-Cold War global order hangs in the balance, our Comment opens with an update on the Russia-Ukraine crisis. Events on the ground are developing rapidly, but as of this writing, the key developments are that President… Read More »