Research & News
Daily Comment (July 2, 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. Today’s Comment begins with a discussion about Chinese President Xi Jinping’s speech. International news follows, with an update on the global minimum tax proposal and… Read More »
Asset Allocation Weekly (July 2, 2021)
by the Asset Allocation Committee | PDF (Due to the Independence Day holiday, there will not be an accompanying podcast and chart book this week. The multimedia offerings associated with this report will resume next week, July 9.) The Wall Street Journal Dollar Index, which tracks the dollar’s value relative to seven major currencies, has… Read More »
Daily Comment (July 1, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and welcome to the third quarter! We are now in the second half of 2021. U.S. equity futures are mostly marking time this morning, but commodities are starting the second half on a tear. Tomorrow, we get the… Read More »
Weekly Energy Update (July 1, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices are moving steadily higher although momentum is starting to slow. (Source: Barchart.com) Crude oil inventories fell 6.7 mb compared to the 4.0 mb draw expected. The SPR fell 1.4 mb, meaning without the addition from the reserve, commercial inventories would have declined… Read More »
Daily Comment (June 30, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with new developments related to U.S. monetary and regulatory policy. We then turn to a review of some key economic data from China and various other international news. We close with the latest developments related to the… Read More »
Daily Comment (June 29, 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. and global news regarding regulation and taxes, followed by various international political developments. We conclude with our usual news update related to the coronavirus pandemic, including important new research indicating… Read More »
Weekly Geopolitical Report – The Mid-Year Geopolitical Outlook (June 28, 2021)
by Bill O’Grady & Patrick Fearon-Hernandez, CFA | PDF (Due to the Independence Day holiday and a short summer hiatus, the next report will be published July 12.) As is our custom, we update our geopolitical outlook for the remainder of the year as the first half comes to a close. This report is less… Read More »
Daily Comment (June 28, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday. U.S. equity futures are mixed and trading quietly as we close out the second quarter this week. We lead off today with the Western heat wave. Up next, we discuss U.S. airstrikes in the Syrian/Iranian… Read More »
Daily Comment (June 25, 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. We begin with a discussion about the impact that transitory effects may have on the global economy. International news follows, with reports on India restoring… Read More »