Research & News
Daily Comment (June 29, 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 range of U.S. and global news regarding regulation and taxes, followed by various international political developments. We conclude with our usual news update related to the coronavirus pandemic, including important new research indicating… Read More »
Weekly Geopolitical Report – The Mid-Year Geopolitical Outlook (June 28, 2021)
by Bill O’Grady & Patrick Fearon-Hernandez, CFA | PDF (Due to the Independence Day holiday and a short summer hiatus, the next report will be published July 12.) As is our custom, we update our geopolitical outlook for the remainder of the year as the first half comes to a close. This report is less… Read More »
Daily Comment (June 28, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday. U.S. equity futures are mixed and trading quietly as we close out the second quarter this week. We lead off today with the Western heat wave. Up next, we discuss U.S. airstrikes in the Syrian/Iranian… Read More »
Daily Comment (June 25, 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 higher open this morning. We begin with a discussion about the impact that transitory effects may have on the global economy. International news follows, with reports on India restoring… Read More »
Asset Allocation Weekly (June 25, 2021)
by the Asset Allocation Committee | PDF Every quarter, the Federal Reserve publishes the Financial Accounts of the U.S., previously referred to as the Flow of Funds report. The report is huge and provides a balance sheet and income statement of sorts for the economy. The data offer interesting insights into the financial situation of… Read More »
Daily Comment (June 24, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! Risk assets are trending higher this morning. Although the Fed scare remains in the background, as the markets become accustomed to the change in tone, we are seeing a resumption in earlier trends. China news leads our coverage… Read More »
Weekly Energy Update (June 24, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices are moving steadily higher in an orderly fashion. (Source: Barchart.com) Crude oil inventories fell 7.6 mb compared to the 3.5 mb draw expected. The SPR fell 1.7 mb, meaning without the addition from the reserve, commercial inventories would have declined 9.3 mb.… Read More »
Daily Comment (June 23, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We open today’s Comment with the latest developments regarding U.S. monetary and fiscal policy, followed by news that a socialist may be poised to become the mayor of a major U.S. city for the first time in decades. Next, we… Read More »
Daily Comment (June 22, 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 the latest developments regarding U.S. monetary and fiscal policy. We follow that with news on the growing push for tighter antitrust regulation–including in college sports! We then cover various international developments before wrapping up… Read More »