Research & News
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 »
Asset Allocation Weekly (June 25, 2021)
by the Asset Allocation Committee | PDF Every quarter, the Federal Reserve publishes the Financial Accounts of the U.S., previously referred to as the Flow of Funds report. The report is huge and provides a balance sheet and income statement of sorts for the economy. The data offer interesting insights into the financial situation of… Read More »
Daily Comment (June 24, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! Risk assets are trending higher this morning. Although the Fed scare remains in the background, as the markets become accustomed to the change in tone, we are seeing a resumption in earlier trends. China news leads our coverage… Read More »