Research & News
Weekly Energy Update (August 5, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF After last week’s recovery, selling has resumed; this week’s data and fears of weaker demand due to COVID-19 are pressuring prices. (Source: Barchart.com) Crude oil inventories unexpectedly rose 3.6 mb compared to the 3.2 mb draw forecast. The SPR was unchanged this week. In… Read More »
Daily Comment (August 5, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. Overall, it’s a rather quiet trading day so far. U.S. equity futures are edging higher, although recent market action suggests it may not hold. Our coverage begins with comments from Fed officials who are signaling the end of… Read More »
Daily Comment (August 4, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with just one U.S. issue related to cryptocurrency regulation. We then review a number of foreign items that could impact the financial markets today, including news of another apparent Iranian attack on a ship in the Persian… Read More »
Daily Comment (August 3, 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 review of various U.S. developments related to fiscal policy, the labor market, and the natural gas market. We discuss several international items that could affect the financial markets today. Finally, we take a… Read More »
Weekly Geopolitical Report – Power, Influence, and Leadership in Geopolitics (August 2, 2021)
by Patrick Fearon-Hernandez, CFA | PDF Xi Jinping. Donald Trump. Vladimir Putin. Ronald Reagan. Nelson Mandela. When it comes to understanding geopolitics, most of us probably focus on the powerful, visionary leaders who can drive events forward toward their goals. But few of us really try to think systematically about the characteristics that make a… Read More »
Daily Comment (August 2, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! It’s the first trading day of August (a time of the year often unfriendly to equities), and U.S. equity futures are pointing to a higher open. Our coverage begins with an incident off the coast… Read More »
Daily Comment (July 30, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, all! U.S. equities appear to be headed for a lower open this morning. Equities have fallen due to concerns over the tech sector as investors fear disappointing earnings reports and a continued tech crackdown by China. Our report… Read More »
Asset Allocation Weekly (July 30, 2021)
by the Asset Allocation Committee | PDF One of the key developments in financial markets recently has been the quick rebound in bond prices and the associated drop in yields. As investors started to sense faster economic growth and the prospect of rising inflation in the first quarter, they eagerly sold down their bond holdings,… Read More »