Research & News
Daily Comment (June 23, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning! The 13th episode of the Confluence of Ideas podcast is available; the topic is the first in a series of episodes on the November elections. U.S. equity futures are higher again this morning, with the rest of the world rising… Read More »
Weekly Geopolitical Report – The Geopolitics of the 2020 Election: Part V (June 22, 2020)
by Bill O’Grady | PDF This is the final report in our five-part series on the geopolitics of the 2020 election, which was divided into nine sections. This week, we conclude the report by covering the eighth and ninth sections, the base cases for a Trump or Biden win and market ramifications. Read the full report
Daily Comment (June 22, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and happy Monday. U.S. equity futures are higher this morning, while Europe is lower. Treasuries yields are lower, as well as the dollar, while gold is up. EU leaders are talking to Chairman Xi today; the new security law passed… Read More »
Asset Allocation Weekly (June 19, 2020)
by Asset Allocation Committee By now, investors have rightly come around to the idea that the equity market’s strong rebound since late March can be largely ascribed to the aggressive monetary and fiscal policies put in place to counter the coronavirus crisis. The economic downturn from the pandemic lockdown has been severe, pushing unemployment to its… Read More »
Daily Comment (June 19, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and happy Friday! U.S. equity futures are higher this morning as optimism over the economy continues to rise. China remains in the news. The forbearance being offered by lenders is having an adverse impact on the industry designed to deal… Read More »
Daily Comment (June 18, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning! U.S. equity futures are weaker this morning, but off the worst levels of the overnight session. Our usual commentary on COVID-19 is available. We cover a myriad of policy issues this morning, including global taxes and the increased scrutiny facing… Read More »
Weekly Energy Update (June 18, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Here is an updated crude oil price chart. The oil market has stabilized at higher levels after April’s historic collapse. Crude oil inventories were mostly in line with market expectations, with stockpiles rising 1.2 mb compared to forecasts of a 0.8 mb draw. The SPR added… Read More »
Daily Comment (June 17, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Risk assets have wind in their sails today, in large part due to easing coronavirus lockdowns, signs of rapid economic recovery and continued policy support around the globe. However, those positives are being offset to some extent by serious new geopolitical tensions… Read More »
Daily Comment (June 16, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Risk assets are on a tear so far today in response to a blockbuster report on U.S. retail sales suggesting that the economy may be rebounding from the coronavirus crisis more rapidly than expected. At the same time, officials across the globe… Read More »