Research & News
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 »
Daily Comment (July 29, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. It’s GDP day! We cover the data for Q2 below in detail, but the quick view is that the annualized growth rose 6.5%, well below expectations. Equity markets are ticking higher, but we note that gold is up… Read More »
Weekly Energy Update (July 29, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF After last week’s selling, prices have recovered back above $70 per barrel. (Source: Barchart.com) Crude oil inventories fell 4.1 mb compared to the 2.1 mb draw forecast. The SPR was unchanged this week. In the details, U.S. crude oil production fell 0.2 mbpd at… Read More »
Daily Comment (July 28, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We begin today’s Comment with several items related to U.S. fiscal, monetary, and regulatory policy. We next turn to a range of international developments that highlight the growing risks of great-power military conflict in the future. We end with the… Read More »
Daily Comment (July 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 multiple global and U.S. developments touching on taxes, fiscal policy, monetary policy, and labor market regulation. Next, we discuss a variety of foreign news ranging from the sharp drop in Chinese stocks stemming from… Read More »