Research & News
Daily Comment (December 15, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Note to readers: The Daily Comment will go on holiday after Friday’s comment and return on January 3, 2022. From all of us at Confluence Investment Management, have a Merry Christmas and Happy New Year! We open today’s Comment with… Read More »
Daily Comment (December 14, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Note to readers: The Daily Comment will go on holiday after Friday’s comment and return on January 3, 2022. From all of us at Confluence Investment Management, have a Merry Christmas and Happy New Year! In today’s Comment, we open… Read More »
Weekly Geopolitical Report – The 2022 Geopolitical Outlook (December 13, 2021)
by Bill O’Grady & Patrick Fearon-Hernandez, CFA | PDF (This is the last WGR of 2021; the next report will be published on January 18, 2022. Starting in 2022, we will shift to a bi-weekly publication schedule and will add a new Geopolitical Podcast with each report.) As is our custom, in mid-December, we publish… Read More »
Daily Comment (December 13, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Note to readers: The Daily Comment will go on holiday after Friday’s comment and return on January 3, 2022. From all of us at Confluence Investment Management, have a Merry Christmas and Happy New Year! Good morning and happy Monday!… Read More »
Daily Comment (December 10, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Good morning! Today’s report begins with a discussion about Starbucks (SBUX, USD,115.35). We then turn to U.S. economic and policy news, followed by China-related stories. International news is next, and we end with our pandemic coverage. Baristas in a Starbucks… Read More »
Asset Allocation Weekly – The Omicron Problem (December 10, 2021)
by the Asset Allocation Committee | PDF Over the Thanksgiving holiday, news broke that a new variant of COVID-19 had been isolated in South Africa. This new variant has an usually high number of mutations, which increases the likelihood that current immunity will be compromised. In other words, prior infection or inoculation will probably be… Read More »
Daily Comment (December 9, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Good morning! After several days of risk-on, today is shaping up as a risk-off session. Our coverage begins with economics and policy, where we discuss yesterday’s JOLTS data and inflation. Tomorrow we get CPI, and there are worries we will… Read More »
Weekly Energy Update (December 9, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices fell sharply on SPR sales and due to the Omicron variant of COVID-19. Crude oil inventories fell 0.9 mb compared to a 1.4 mb build forecast. The SPR declined 1.9 mb, meaning the net draw was 2.9 mb (due to rounding). In… Read More »