Research & News
Daily Comment (February 8, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Good morning, and Happy Monday! Congrats to Tampa Bay. U.S. equity futures continue to tick higher. Our coverage this morning starts with economic and policy news. Updates on Europe come next, followed by an overview of international news—we touch on… Read More »
Daily Comment (February 5, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Good morning. U.S. equity futures are higher this morning, the yield curve has steepened, and oil prices have risen as optimism grows over another round of fiscal stimulus. We begin our discussion with possible student loan forgiveness and an update… Read More »
Asset Allocation Weekly (February 5, 2021)
by Asset Allocation Committee | PDF The residential real estate market has made a strong recovery over the past year. Virtually all areas of housing, including home prices, starts, and ownership are showing signs of strength. Let’s start with prices. Home prices have been very strong recently. This chart shows single-family existing home sales. Over… Read More »
Daily Comment (February 4, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Good morning. U.S. equity futures are modestly higher this morning. We begin our coverage with a look at tomorrow’s non-farm payroll report and why it could be a rather deceptive blowout. The next stop is international news, including a discussion… Read More »
Weekly Energy Update (February 4, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart. Prices broke out of their recent trading range and are now well above $55 per barrel. Commercial crude oil inventories unexpectedly fell 1.0 mb when a build of 3.0 mb was forecast. In the details, U.S.… Read More »
Daily Comment (February 3, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Our Comment today opens with a quick update on the Reddit-related trading frenzy, but it then pivots to key European news, including former ECB chief Mario Draghi’s agreement to try to form a new government in Italy. That development has… Read More »
Daily Comment (February 2, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Our Comment today opens with key trade and international news, including an important sign of where the Biden administration will go with the protectionist trade policies it inherited from the Trump administration. Eurozone economic activity held up better than anticipated… Read More »
Weekly Geopolitical Report – The U.S.-China Balance of Power: Part III (February 1, 2021)
by Patrick Fearon-Hernandez, CFA | PDF In Part II of this report, we provided a head-to-head comparison of U.S. and Chinese military power. Obviously, military power is the ultimate source of coercion that one country can use to influence others. During non-conflict times, however, countries tend to use less violent means of influence. One of… Read More »
Daily Comment (February 1, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Good morning and welcome back from the weekend. Lots going on, but first, equity futures have turned higher, and the Northeast is getting some snow. Our coverage leads off with the coup in Myanmar. Russian protests follow. The continuing saga… Read More »