Research & News
Weekly Energy Update (April 29, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF After the recent rally in prices, the market is consolidating recent gains and establishing a larger trading range between $68 to $58 per barrel. (Source: Barchart.com) Crude oil inventories rose 0.1 mb compared to the 1.0 mb draw expected. The SPR fell 1.4 mb,… Read More »
Daily Comment (April 28, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with key U.S. policy news. The Federal Reserve wraps up its latest policy meeting this afternoon, with no change expected in its massive monetary stimulus program. This evening, President Biden will propose his latest new spending program,… Read More »
Daily Comment (April 27, 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. political and policy news, followed by various international developments that could affect the financial markets and the investment backdrop today. We end with the latest news related to the coronavirus… Read More »
Weekly Geopolitical Report – Irish Border Revisited (April 26, 2021)
by Thomas Wash | PDF It has been more than a year since the U.K. and European Union (EU) came to terms with the Withdrawal Agreement, yet questions remain on how it will impact Northern Ireland, which was granted an exception to remain in the EU. Having decisively voted 56% to 44% to remain a… Read More »
Daily Comment (April 26, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday, the last one in April! U.S. equity futures are mostly steady this morning as investors await a plethora of earnings reports this week. Our coverage begins with the pandemic, and we are watching India’s caseloads… Read More »
Daily Comment (April 23, 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 as optimism grows over a potential infrastructure package. We have a full slate of news to cover today. The report will start with a discussion on Biden’s tax… Read More »
Asset Allocation Weekly (April 23, 2021)
by Asset Allocation Committee | PDF A decade ago, the Rent Is Too Damn High Party became a viral sensation after a candidate for the New York governorship, Jimmy McMillan, announced lowering New York rent as his central platform. Now, over a decade later, rent prices in New York have finally started to fall. The… Read More »
Keller Quarterly (April 2021)
Letter to Investors | PDF Here we are again, with the U.S. stock market rising nicely and hitting new highs. I am getting two questions almost daily. The first is: “Is this real?” That’s a way of asking, “Can you trust this rally?” Our firm has, since the middle of last year, been consistent in… Read More »
Daily Comment (April 22, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, and happy Earth Day! It’s a busy Thursday, with lots of items to cover. U.S. equity futures are steady to lower this morning. Our coverage begins with Biden’s two-day climate summit. The ECB holds its meeting, and we… Read More »