Research & News
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 »
Daily Comment (March 25, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! U.S. equity markets have turned lower this morning. Our coverage begins with the pandemic, with a focus on the mess that Chancellor Merkel finds herself in with elections coming in autumn. China coverage follows; the diplomatic spat between… Read More »
Weekly Energy Update (March 25, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart. Prices have declined over $10 per barrel since peaking on March 8. Worries about slowing European growth and a slower than expected recovery in refinery operations after the Texas freeze have weighed on prices. Crude oil… Read More »
Daily Comment (March 24, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with the ongoing testimony before Congress from Federal Reserve Chair Powell and Treasury Secretary Yellen. Both officials will wrap up their testimony before the Senate today. We next turn to various overseas developments, including elections in Israel,… Read More »