Research & News
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 »
Weekly Geopolitical Report – The Geopolitics of Taiwan: Part II (May 10, 2021)
by Bill O’Grady | PDF In Part I, we covered the history of Taiwan, current relations between the People’s Republic of China (PRC) and the Republic of China (ROC), and closed with the end of strategic ambiguity. This week, we will analyze the geopolitical importance of Taiwan and the PRC’s military options with regard to… Read More »
Asset Allocation Weekly (May 7, 2021)
by the Asset Allocation Committee | PDF Yogi Berra is famous for various quotes. He famously said, “Always go to other people’s funerals, otherwise, they won’t come to yours.” He also noted that, “A nickel isn’t worth a dime anymore.” The one we deal with most in asset allocation is the saying, “It’s tough to… Read More »
Weekly Energy Update (May 6, 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 8.0 mb compared to the 2.0 mb draw expected. The SPR fell 1.0 mb, meaning without the addition from the reserve, commercial inventories… Read More »
Weekly Geopolitical Report – The Geopolitics of Taiwan: Part I (May 3, 2021)
by Bill O’Grady | PDF Tensions over Taiwan have been steadily escalating in recent years. When President Trump was elected in 2016, one of the first official contacts he made was with President Tsai Ing-wen, the leader of Taiwan. Accepting this call infuriated Beijing, which views Taiwan as a province of the People’s Republic of… Read More »
Asset Allocation Weekly (April 30, 2021)
by Asset Allocation Committee | PDF (Due to staff vacations, there will not be an accompanying podcast and chart book this week. The multimedia offerings associated with this report will resume next week, May 7.) In our asset allocation strategies, we continue to have a separate provision to homebuilders. The reason for this particular position… Read More »