Research & News
Weekly Geopolitical Report – Afghanistan, Part IV: China (October 4, 2021)
by Thomas Wash | PDF In Part I of this report, we reviewed the history of Afghanistan and why great powers have fought over it for centuries. Part II examined how the United States exit from Afghanistan will affect Pakistan, India, and Iran. Last week, Part III focused on how the U.S. exit will play… Read More »
Daily Comment (October 4, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning on the first Monday of October. Risk markets are generally lower this morning as uncertainty in Washington and worries about valuations weigh on sentiment. USTR Tai will discuss the trade relationship with China today. We discuss what we… Read More »
Daily Comment (October 1, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! U.S. equity futures are signaling a higher open this morning. Today’s report begins with an international news roundup followed by U.S. economics and policy coverage. China news is next, and we end the report with our pandemic coverage.… Read More »
Asset Allocation Weekly – The Prices We Don’t See (October 1, 2021)
by the Asset Allocation Committee | PDF For four consecutive months, consumer prices as measured by the Consumer Price Index (CPI) have risen 5% from the prior year. The pace of inflation has sparked concerns that the Federal Reserve may be wrong in describing inflation as being transitory. However, our research suggests there may be… Read More »
Daily Comment (September 30, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning as we bid farewell to Q3. Although there is plenty to worry about, equities continue to move up on that wall of worry. Our coverage begins with a recap of legislation and other concerns in Washington; today could… Read More »
Weekly Energy Update (September 30, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Prices have rallied to above $75 per barrel. (Source: Barchart.com) Crude oil inventories unexpectedly rose 4.6 mb compared to the 2.5 mb draw forecast. The SPR declined 0.9 mb, meaning the net draw was 3.8 mb. In the details, U.S. crude oil production rose… Read More »
Daily Comment (September 29, 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 brinksmanship in Congress over the federal government’s debt limit and budget, along with a note on Federal Reserve Chair Powell’s prospects of being reappointed to a second term later this year. We next… Read More »
Daily Comment (September 28, 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 recent developments regarding U.S. fiscal and monetary policy. Next, we review international news that could have an impact on the financial markets today or in the near future. We wrap things… Read More »