Research & News
Asset Allocation Bi-Weekly – U.S. Oil Production at a Record High (February 5, 2024)
by the Asset Allocation Committee | PDF These days, because investors have so many different assets to buy in so many different financial markets, it can be easy to miss an important trend or change in trend. Indeed, that seems to be the case with crude oil, where the long stagnation in U.S. output after… Read More »
Daily Comment (February 2, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Equities slumped and Treasury yields are up following a really strong jobs number. In other news, the GOAT of Formula One, Lewis Hamilton, will be joining the iconic Ferrari team next year. In today’s Comment we dive into Thursday’s tech… Read More »
Daily Comment (February 1, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Equities are unfazed by Powell’s remarks this morning, while Caitlin Clark continues her dominant run in women’s college basketball. Today’s Comment dives into the latest Fed rate decision, explores renewed concerns about regional lenders, and examines the potential impact of… Read More »
Daily Comment (January 31, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with the latest on the tensions in the Middle East, which still could expand into a broader regional conflict and disrupt key global oil supplies. We next review a wide range of other international and U.S. developments with… Read More »
Daily Comment (January 30, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with a couple of notes on global oil supplies, including reduced capacity investment in Saudi Arabia but a new supply discovery in China. We next review a wide range of other international and U.S. developments with the potential… Read More »
Bi-Weekly Geopolitical Report – Introducing the U.S. Space Force (January 29, 2024)
by Daniel Ortwerth, CFA | PDF On December 20, 2019, something extremely rare happened in the United States Armed Forces: An entirely new branch of service was born. For context, the Army, Navy, and Marine Corps were born by acts of the Continental Congress in 1775. The Coast Guard came into being by act of… Read More »
Daily Comment (January 29, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with news that an Iran-backed militant group has killed several U.S. troops in Jordan, boosting the chance that the Israeli-Hamas conflict will broaden. We next review a range of other international and U.S. developments with the potential to… Read More »
Asset Allocation Quarterly (First Quarter 2024)
by the Asset Allocation Committee | PDF The likelihood of a recession occurring during our forecast period has declined. Domestic economic growth should be robust over the forecast period, although momentum has slowed. Elevated geopolitical tensions and ambiguity related to the U.S. elections are likely to create volatility in the markets. Inflation volatility is likely… Read More »
Daily Comment (January 26, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Wall Street cheers better-than-expected inflation news. Meanwhile, Novak Djokovic’s perfect streak in the Australian Open came to an abrupt end. In our Comment, we explain why optimism should be measured. We also delve into the regulatory storm clouds over Big… Read More »