Research & News
Daily Comment (July 20, 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 new threats to regulate cryptocurrency-related assets. Coupled with the surging concerns about the new Delta mutation that pushed down prices for a variety of assets yesterday, the new regulatory threat helped push down cryptocurrency… Read More »
Weekly Geopolitical Report – Nigeria’s Conflict with Biafra and Social Media (July 19, 2021)
by Thomas Wash | PDF On June 2, Twitter (TWTR, $61.72) removed a tweet posted by Nigerian President Muhammadu Buhari that vaguely threatened Biafran separatists. Buhari’s tweet appeared to be in response to a series of attacks against Nigerian security forces and police officers. In any case, Buhari has become the latest high-level political leader… Read More »
Daily Comment (July 19, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. U.S. equity futures continue to trend lower this morning. A resurgence in COVID-19 infections and worries about the economy and inflation have weakened investor sentiment. Oil prices are sharply lower this morning, and bond yields are falling as… Read More »
Daily Comment (July 16, 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. The overnight news was rather quiet. Our report begins with international news and discussions about rising tensions between Poland and the EU, Iranian hackers targeting… Read More »
Asset Allocation Weekly (July 16, 2021)
by the Asset Allocation Committee | PDF The pandemic-related expanded benefits for the unemployed are expected to end in September. States that have ended the booster early have seen a sharper decline in initial claims than states that haven’t ended them. Although the end of enhanced employment benefits could help resolve the labor shortage, there… Read More »
Daily Comment (July 15, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. There are two meetings of note this morning. First, President Biden meets with Chancellor Merkel for her last official visit before she leaves office in September. Expect lots of warm comments, but the obvious drift in policy between… Read More »
Weekly Energy Update (July 15, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Prices appear to be consolidating between $72 to $76 per barrel. (Source: Barchart.com) Crude oil inventories fell 7.9 mb compared to the 4.4 mb draw expected. The SPR was unchanged this week. In the details, U.S. crude oil production rose 0.1 mbpd to 11.4… Read More »
Daily Comment (July 14, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We open today’s Comment with news that Democrats have agreed that their “soft” infrastructure plan will total some $3.5 trillion in spending, though details still need to be worked out, and the proposal will face tough sledding in Congress. Next,… Read More »
Daily Comment (July 13, 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 regarding the infrastructure spending bills making their way through Congress and the outlook for the Federal Reserve’s monetary policy. We next review the latest signs of U.S.-China economic decoupling and geopolitical… Read More »