Research & News
Weekly Energy Update (September 23, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Prices continue to hold above $70 per barrel. (Source: Barchart.com) Crude oil inventories fell 3.5 mb compared to the 2.8 mb draw forecast. The SPR declined 1.2 mb, meaning the net draw was 4.7 mb. In the details, U.S. crude oil production rose 0.5… Read More »
Daily Comment (September 22, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment begins with a range of U.S. news, touching on monetary policy, fiscal policy, bond market regulation, and relations with China. We next review the major international developments that could affect the financial markets today, including the latest information… Read More »
Daily Comment (September 21, 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 a discussion of new global inflation forecasts from the OECD and include some notes on monetary policy and inflation. We next turn to a range of U.S. and international developments that could impact the… Read More »
Weekly Geopolitical Report – Afghanistan, Part II: Pakistan, India, and Iran (September 20, 2021)
by Bill O’Grady | PDF Afghanistan is a landlocked nation that sits at the crossroads of central Asia. As our history noted last week, it was part of the “Great Game” in the 18th and 19th centuries when imperial powers Russia and Britain vied for control of the region. It continued to hold that role… Read More »
Daily Comment (September 20, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning on a rather blue (or, better said, red) Monday. U.S. equity futures are down hard this morning as stocks appear to be in a corrective phase. There is a lot of news this morning. There was a volcanic… Read More »
Daily Comment (September 17, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, all! U.S. equity futures are pointing toward a lower open this morning. It has been a fairly quiet news day so far. Today’s report begins with an international news roundup followed by U.S. economics and policy. China news… Read More »
Asset Allocation Weekly – Don’t Call It a Comeback! (September 17, 2021)
by the Asset Allocation Committee | PDF Last week, the federal government’s enhanced unemployment benefits of up to $300 per week expired nationwide. It has been speculated that the end of these benefits could lead to a surge of new entrants into the labor market. However, data from the Bureau of Labor Statistics (BLS) suggests… Read More »
Daily Comment (September 16, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. It looks like an “everything down day” so far, although the retail sales data (see below) offered some relief. U.S. equity futures currently are mixed after opening lower. Treasury prices are down a bit, and commodities are weaker… Read More »
Weekly Energy Update (September 16, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Prices moved above $70 per barrel. (Source: Barchart.com) Crude oil inventories fell 6.4 mb compared to the 3.6 mb draw forecast. The SPR declined 0.5 mb, meaning the net draw was 6.9 mb. In the details, U.S. crude oil production rose 0.1 mbpd to… Read More »