Research & News
Daily Comment (October 28, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! It’s a big day today. Q3 GDP is out (quick take—the data was weaker than expected, with very weak investment and a larger drag from net exports); we cover it in detail below. The ECB meeting is also… Read More »
Weekly Energy Update (October 28, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Prices have moved above $85 per barrel this week but retreated on this week’s inventory data. (Source: Barchart.com) Crude oil inventories rose 4.3 mb compared to a 1.8 mb build forecast. The SPR declined 1.1 mb, meaning the net draw was 3.2 mb. In… Read More »
Daily Comment (October 27, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We open today’s Comment with U.S. news related to fiscal policy and potential new regulatory risks for the technology sector. Next is a discussion regarding the Chinese debt crisis and a range of other foreign news that could affect the… Read More »
Daily Comment (October 26, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF In today’s Comment, we open with developments touching on two of the biggest concerns that investors have these days, China’s debt crisis and high prices for commodities and other goods. We next provide an update to the U.S. fiscal policy… Read More »
Daily Comment (October 25, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday, the last in October. Risk markets are trending higher this morning, with WTI moving over $85 per barrel. Much of the country is being rocked by wild weather. Anyone watching the late NFL game saw… Read More »
Weekly Geopolitical Report – Here Comes China! (October 25, 2021)
by Thomas Wash | PDF Following President Donald Trump’s withdrawal from the Transpacific Partnership (TPP) in January 2017, it was believed that the agreement would die a quiet death. However, with the leadership of Japan and Australia, the agreement found new life and the remaining members decided to move forward with the deal. Although the… Read More »
Daily Comment (October 22, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Friday! U.S. equity futures are marking time this morning. The dollar is a bit lower, while gold, crypto, and oil are higher, and Treasury yields are easing. Our coverage begins with economics and policy. The Fed… Read More »
Asset Allocation Weekly – The Inflation Adjustment for Social Security Benefits in 2022 (October 22, 2021)
by the Asset Allocation Committee | PDF Even for dedicated, successful investors who have built up a substantial nest egg, Social Security retirement and disability investments can be an important part of one’s financial security. For many Americans, Social Security benefits may be the only significant source of income in old age. On average, Social… Read More »