Research & News
Weekly Geopolitical Report – The Geopolitics of Taiwan: Part I (May 3, 2021)
by Bill O’Grady | PDF Tensions over Taiwan have been steadily escalating in recent years. When President Trump was elected in 2016, one of the first official contacts he made was with President Tsai Ing-wen, the leader of Taiwan. Accepting this call infuriated Beijing, which views Taiwan as a province of the People’s Republic of… Read More »
Daily Comment (May 3, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! It’s Monday and the first trading day of May. Various global markets are closed or seeing light trading today due to lingering May Day celebrations. U.S. equity futures are trending higher this morning. Economics and policy lead off… Read More »
Daily Comment (April 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 are expected to open lower this morning as weak GDP from Europe and concerns about rising COVID-19 cases in emerging markets have weighed on market sentiment. There was a lot of overnight news. We start… Read More »
Asset Allocation Weekly (April 30, 2021)
by Asset Allocation Committee | PDF (Due to staff vacations, there will not be an accompanying podcast and chart book this week. The multimedia offerings associated with this report will resume next week, May 7.) In our asset allocation strategies, we continue to have a separate provision to homebuilders. The reason for this particular position… Read More »
Daily Comment (April 29, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning on this GDP day. We cover the data in detail below, but the short take is that the data came in a bit below forecast. Although consumption was robust, falling inventories reduced the overall number. U.S. equity futures… Read More »
Weekly Energy Update (April 29, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF After the recent rally in prices, the market is consolidating recent gains and establishing a larger trading range between $68 to $58 per barrel. (Source: Barchart.com) Crude oil inventories rose 0.1 mb compared to the 1.0 mb draw expected. The SPR fell 1.4 mb,… Read More »
Daily Comment (April 28, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with key U.S. policy news. The Federal Reserve wraps up its latest policy meeting this afternoon, with no change expected in its massive monetary stimulus program. This evening, President Biden will propose his latest new spending program,… Read More »
Daily Comment (April 27, 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. political and policy news, followed by various international developments that could affect the financial markets and the investment backdrop today. We end with the latest news related to the coronavirus… Read More »