Research & News
Daily Comment (January 25, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Wall Street is evaluating the latest GDP data and Jim Harbaugh’s return to coach the L.A. Chargers is expected to electrify the NFL. Today’s commentary dives into the bond market’s potential tantrum after another disappointing auction, discusses the ECB’s recent… Read More »
Daily Comment (January 24, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with items related to the Russia-Ukraine war. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including a surprise easing of monetary policy in China and… Read More »
Keller Quarterly (January 2024)
Letter to Investors | PDF About 125 years ago, a reporter spied J.P. Morgan on the streets of New York and ran over to get a prediction and a quote. “What will the stock market do?” the reporter asked the great banker and investor. “It will fluctuate,” was Morgan’s droll reply. The reporter dutifully reported… Read More »
Daily Comment (January 23, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with signs that European leaders are getting more concerned about future Russian aggression. We next review a range of other international and U.S. developments with the potential to affect the financial markets today, including a potential new stock-market… Read More »
Daily Comment (January 22, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with a short discussion of Japan’s surging stock market and one potential reason for its strong rise. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today,… Read More »
Asset Allocation Bi-Weekly – How Does Powell Define Restrictive Monetary Policy? (January 22, 2024)
by the Asset Allocation Committee | PDF Traditionally, the term “restrictive monetary policy” has been associated with a fed funds interest rate that is high enough to slow economic activity, but recent remarks from Federal Reserve Chair Powell suggest there may be a broader interpretation. Despite casting doubts on rate cuts just two weeks prior,… Read More »
Daily Comment (January 19, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Tech stocks are soaring on chip optimism, while La Liga giants Atlético Madrid and FC Barcelona are gearing up for a Copa Del Rey clash! Today’s Comment dives deep into the Fed’s rate cut whispers, the Red Sea crisis, and… Read More »
Daily Comment (January 18, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Chip optimism is electrifying the market, while a potential trade could heat up the Pacers’ playoff hopes. In today’s Comment, we dive into the latest topics: the semiconductor surge, the central bank pivot, and the Basel III Endgame controversy. Plus,… Read More »