Research & News
Weekly Geopolitical Report – Investment Implications of Changing Demographics: Part I (February 10, 2020)
by Patrick Fearon-Hernandez, CFA (Note: Due to the President’s Day holiday, our next report will be published on February 24.) In the 1960s and 1970s, people worried a lot about rapid population growth. According to the United Nations, the world’s population was growing at an average annual rate of more than 1.9% during those decades,… Read More »
Daily Comment (February 10, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy Monday! Global equity markets are flat to down as the world continues to deal with the Wuhan virus. China officially returns from the New Year’s holiday, but it looks like a slow restart, and China’s inflation rises. There is political turmoil… Read More »
Asset Allocation Weekly (February 7, 2020)
by Asset Allocation Committee The Commerce Department recently released its first iteration of Q4 GDP. The overall growth rate, at 2.1%, was mostly on forecast but the composition of the growth showed some unexpected developments. In this week’s report, we will examine the most interesting changes and what it may be telling us about future economic… Read More »
Daily Comment (February 7, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s employment Friday! We cover the data in detail below, but the quick take is that the data did come in a bit better than forecast. However, the Bureau of Labor Statistics has conducted benchmark revisions and the changes suggest the labor… Read More »
Daily Comment (February 6, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] The rally in equities continues. An update on the Wuhan virus. Good news on trade. Potentially important developments in Germany. Brazil cuts the policy rate. Update on the weekly energy data. Here are the details: Wuhan virus: Although it is clear that… Read More »
Daily Comment (February 5, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Global equities are higher as reports of a potential vaccine are lifting optimism. U.S. considers new trade regulations. A comment on globalization. Good news on cancer. Here are the details: Wuhan virus: The level of reported infections worldwide is 24,627, with 493… Read More »
Daily Comment (February 4, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Optimism on the Wuhan virus; equity markets rise. Iowa caucus fiasco. Syria heats up; Iraq has a new PM. Here are the details: Wuhan virus: There are now 20,696 confirmed infections and 427 fatalities, including one in Hong Kong. Macau announced it… Read More »
Weekly Geopolitical Report – The U.S.-China “Phase One” Trade Deal: Part II (February 3, 2020)
by Bill O’Grady In Part I of this report, we offered a detailed examination of “Phase One” of the recent trade agreement between the U.S. and China. This week, in Part II, we will examine the ramifications of the deal and conclude the report with market effects. China appears to be the “loser” in this… Read More »
Daily Comment (February 3, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy Super Monday! There is a lot going on this morning. We have an update on the Wuhan virus. Chinese equity markets reopen and the PBOC eases. Tensions rise on EU/U.K. trade. Iowa caucuses are tonight. We see a turn in Venezuela. … Read More »