Research & News
Weekly Energy Update (May 27, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF (Due to staff vacation schedules, the next report will be published on June 10.) Oil prices continue to trade in a range from $60 to $68 per barrel. (Source: Barchart.com) Crude oil inventories fell 1.7 mb compared to the 1.0 mb draw expected. The… Read More »
Weekly Geopolitical Report – Taiwan and the Risk of Deglobalizing the World’s Semiconductor Industry: Part I (May 24, 2021)
by Patrick Fearon-Hernandez, CFA | PDF (Note: Due to the upcoming Memorial Day holiday, the next report will be published on June 7.) In our recent WGR series titled “The Geopolitics of Taiwan” (see Parts I, II, and III), we examined Taiwan’s geopolitical position in relation to China and the United States. We described how… Read More »
Asset Allocation Weekly (May 21, 2021)
by the Asset Allocation Committee | PDF In March, job openings rose to their highest level on record. According to the Job Openings and Labor Turnover Survey (JOLTS), there were over 8.1 million job vacancies, surpassing the previous record of 7.6 million set in November 2018. The surge in vacancies is supported by data from… Read More »
Weekly Energy Update (May 20, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices continue to trade in a range from $58 to $68 per barrel. (Source: Barchart.com) Crude oil inventories rose 1.3 mb compared to the 2.0 mb build expected. The SPR fell 1.9 mb, meaning without the addition from the reserve, commercial inventories would… Read More »
Weekly Geopolitical Report – The Geopolitics of Taiwan: Part III (May 17, 2021)
by Bill O’Grady | PDF In Part I of this report, we covered the history of Taiwan along with current relations between the People’s Republic of China (PRC) and the Republic of China (ROC), and discussed the end of strategic ambiguity. In Part II, we analyzed the geopolitical importance of Taiwan and China’s military options. … Read More »
Asset Allocation Weekly (May 14, 2021)
by the Asset Allocation Committee | PDF Since the Great Financial Crisis of 2007-2008 (GFC), any rapid rise in home prices has tended to spark fears of another bubble bursting. U.S. home prices have recently been up more than 10% from one year earlier, marking their strongest gains since the recovery period right after the… Read More »
Weekly Energy Update (May 13, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Tightening supplies have lifted crude oil prices toward the top of the recent trading range. (Source: Barchart.com) Crude oil inventories declined 0.4 mb compared to the 1.8 mb build expected. The SPR fell 1.4 mb, meaning without the addition from the reserve, commercial inventories… Read More »