Research & News
Daily Comment (May 20, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. U.S. equity futures are lower, although off the worst levels of the session. Other assets, like commodities and crypto, have also come under pressure. Our coverage kicks off with the Fed minutes, which roiled financial markets. We follow… Read More »
Weekly Energy Update (May 20, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices continue to trade in a range from $58 to $68 per barrel. (Source: Barchart.com) Crude oil inventories rose 1.3 mb compared to the 2.0 mb build expected. The SPR fell 1.9 mb, meaning without the addition from the reserve, commercial inventories would… Read More »
Daily Comment (May 19, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with another broadside from Larry Summers against the current stance of U.S. monetary and fiscal policy. Inflation hawks will likely be quite satisfied with his latest criticisms. We next examine a new threat to private cryptocurrencies out… Read More »
Daily Comment (May 18, 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 global news developments, touching primarily on the energy industry and the Middle East. The Israeli-Hamas conflict remains a major story, although there has been little to no direct impact on the… Read More »
Weekly Geopolitical Report – The Geopolitics of Taiwan: Part III (May 17, 2021)
by Bill O’Grady | PDF In Part I of this report, we covered the history of Taiwan along with current relations between the People’s Republic of China (PRC) and the Republic of China (ROC), and discussed the end of strategic ambiguity. In Part II, we analyzed the geopolitical importance of Taiwan and China’s military options. … Read More »
Daily Comment (May 17, 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 a down day for equities this morning. Our coverage begins with a recap of the situation in Israel, a second look at the retail sales data, and the Atlanta FRB’s GDPNow forecast. Our update… Read More »
Daily Comment (May 14, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, all! U.S. equities are expected to open higher this morning following reports that the Fed will likely not be withdrawing monetary support anytime soon despite the Consumer Price Index rising faster than expected in April. Today’s report starts… Read More »
Asset Allocation Weekly (May 14, 2021)
by the Asset Allocation Committee | PDF Since the Great Financial Crisis of 2007-2008 (GFC), any rapid rise in home prices has tended to spark fears of another bubble bursting. U.S. home prices have recently been up more than 10% from one year earlier, marking their strongest gains since the recovery period right after the… Read More »
Daily Comment (May 13, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. Our coverage begins with a few comments about yesterday’s CPI report. We take a quick look at the deteriorating situation in Israel. The Colonial pipeline has reopened. Economic and policy news follows, with China news next. The international… Read More »