Research & News
Weekly Energy Update (August 26, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF After reaching $62 per barrel support, prices have snapped back. (Source: Barchart.com) Crude oil inventories fell 3.0 mb compared to the 2.0 mb draw forecast. The SPR was unchanged this week. In the details, U.S. crude oil production was steady at 11.4 mbpd. Exports… Read More »
Daily Comment (August 25, 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 on Afghanistan, where President Biden has rejected calls to extend the U.S. evacuation effort beyond his August 31 deadline. We then review a range of U.S. domestic developments, followed by some key foreign… Read More »
Daily Comment (August 24, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF In today’s Comment, we begin with the latest developments in Afghanistan. There are disturbing reports that evacuees reaching U.S. facilities in places like Doha are facing horrible conditions. We next review a range of other international and domestic news, including… Read More »
Weekly Geopolitical Report – Data and Geopolitics: Part II (August 23, 2021)
by Patrick Fearon-Hernandez, CFA | PDF In Part I of this report, we discussed why today’s political leaders and governments are now paying such close attention to the control of data and information, and what that means for geopolitics. In Part II, we will show how China is perhaps the best example of modern state… Read More »
Daily Comment (August 23, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! Schools are reopening, and it’s a risk-on day today. U.S. equity futures are higher, and gold and oil are rebounding as well. The Fed’s meeting at Jackson Hole is this week, but like last year,… Read More »
Daily Comment (August 20, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning on this August Friday. Equity markets remain under pressure this morning as worries about the economy and monetary policy weigh on sentiment. Our coverage begins with China, where regulatory conditions are changing fast and Taiwan is also in… Read More »
Asset Allocation Weekly – The Impact of Older Americans on the Labor Market (August 20, 2021)
by the Asset Allocation Committee | PDF In analyzing the path for the economy, an important factor is separating the temporary effects of the pandemic from those that are longer lasting. The debate over whether inflation will be transitory is tied to this determination. The impact on the labor markets is another element. One change… Read More »
Daily Comment (August 19, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning on the 30-year anniversary of the Soviet coup. Risk markets continue to slump this morning. Equities and commodities are lower, and Treasuries prices are higher. The combination of tighter policy signaling and rising pandemic concerns are weighing on… Read More »
Weekly Energy Update (August 19, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices remain under pressure as concerns over the Delta virus and seasonal factors press prices lower. (Source: Barchart.com) Crude oil inventories fell 3.2 mb compared to the 1.5 mb draw forecast. The SPR was unchanged this week. In the details, U.S. crude oil… Read More »