Research & News
Bi-Weekly Geopolitical Report – Thinking About Deterrence (February 12, 2024)
by Patrick Fearon-Hernandez, CFA, and Daniel Ortwerth, CFA | PDF In his book Leviathan, published in 1651, the English philosopher Thomas Hobbs argued that human society in the state of nature would be marked by conflict and mistrust, as each person would be free to attack his or her neighbor to acquire needed resources. According… Read More »
Daily Comment (February 12, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF With China and much of Asia celebrating the Lunar New Year, and with most of the US focused on yesterday’s Super Bowl, it’s a very slow news day, especially for economic and financial news. Our Comment today is therefore focused heavily on… Read More »
Daily Comment (February 9, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Equities are off to a great start, and Ravens quarterback Lamar Jackson was crowned MVP for the 2023 season. Today’s Comment analyzes the potential impact of CPI revisions, Yellen’s nonbank lender warning, and the geopolitical boost for chipmakers. Don’t miss… Read More »
Daily Comment (February 8, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Equities are holding steady, and the NBA trade deadline is expected to end with a bang. In today’s Comment, we dive into the recent Treasury auction, explore why New York Community Bank is on investors’ watchlists, and analyze the potential… Read More »
Daily Comment (February 7, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with our thoughts on a troubling new approach to providing aid to Ukraine that Western policymakers are now considering. We next review a range of other international and US developments with the potential to affect the financial markets… Read More »
Daily Comment (February 6, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with a considerable rebound in the Chinese stock market after the government implemented a number of strong support policies. We next review a range of other international and U.S. developments with the potential to affect the financial markets… Read More »
Daily Comment (February 5, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with an artificial-intelligence leader’s expectation for a future marked by national AI systems. We next review a range of other international and U.S. developments with the potential to affect the financial markets today, including signs that biotechnology will… Read More »
Asset Allocation Bi-Weekly – U.S. Oil Production at a Record High (February 5, 2024)
by the Asset Allocation Committee | PDF These days, because investors have so many different assets to buy in so many different financial markets, it can be easy to miss an important trend or change in trend. Indeed, that seems to be the case with crude oil, where the long stagnation in U.S. output after… Read More »