Research & News
Daily Comment (April 5, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! The S&P 500 moved above 4,000 last week, and equity futures are moving further higher this morning. Some of the upward pressure is coming from Friday’s employment data, which we recap in today’s comment. BTW,… Read More »
Daily Comment (April 1, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We have published our latest Weekly Geopolitical Report, which constitutes Part III of our series on the Geopolitics of Central Bank Digital Currencies (CBDC). We also have several other recent multimedia offerings. There is a new chart book recapping the… Read More »
Weekly Energy Update (April 1, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF After peaking in early March, prices have pulled back to pivot around $60 per barrel. Although recent builds in crude oil are bearish, expectations for stronger economic growth should be supportive for prices. Crude oil inventories fell 0.9 mb compared to the 1.7 mb… Read More »
Daily Comment (March 31, 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 an overview of the new economic plan that President Biden will propose in a speech today in Pittsburgh. We next review other key U.S. and international news, including today’s latest U.S.-China tensions. We end… Read More »
Daily Comment (March 30, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with an Archegos trading update and the extent to which it might be portending broader risks in the markets. We next review the latest developments in the U.S. tax policy, where Democrats in the Senate have floated… Read More »
Weekly Geopolitical Report – The Geopolitics of Central Bank Digital Currencies (CBDC): Part III (March 29, 2021)
by Bill O’Grady | PDF (Due to the Easter holiday, the next report will be published on April 12.) This week, we continue our series with an examination of the geopolitics of CBDC. The Geopolitics As we noted in Part I, there has been strong interest among the central banks to introduce digital currencies. We… Read More »
Daily Comment (March 29, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! We are down to the elite eight in NCAA men’s basketball, and opening day is just around the corner! U.S. equity futures are a bit lower this morning but off their worst levels of the… Read More »
Daily Comment (March 26, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We have published our latest Weekly Geopolitical Report, which constitutes Part II of our series on the geopolitics of Central Bank Digital Currencies (CBDC). We also have several other recent multimedia offerings. There is a new chart book recapping the… Read More »
Asset Allocation Weekly (March 26, 2021)
by Asset Allocation Committee | PDF (Note: Due to the upcoming Good Friday holiday, the next report will be published on April 9.) Since peaking in August, gold prices have been under pressure. Technically, prices broke support around 1750 in early March and have been attempting to consolidate. We have been holding gold in our… Read More »