Research & News
Daily Comment (November 17, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with U.S. political and policy news. We also discuss new challenges for both Chinese bonds and Chinese equities. In the pandemic arena, we note the continued resurgence in infections in both the U.S. and Europe,… Read More »
Weekly Geopolitical Report – An Ant Problem (November 16, 2020)
by Bill O’Grady | PDF Although the U.S. elections were the major story during the first week of November, another notable, but somewhat overshadowed, event did occur, namely, when Chinese regulators forced Ant Group to suspend its initial public offering. Ant Group, an affiliated firm of Alibaba Group (BABA, USD 294.04), was preparing to launch… Read More »
Daily Comment (November 16, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! U.S. equity futures are higher again this morning on positive vaccine news (see below). We start our coverage this morning with the new Asian trade agreement. Political turmoil in Peru is up next. There is… Read More »
Daily Comment (November 13, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Friday the 13th! U.S. equity futures are rebounding after a drop yesterday. We lead off with the Fed, with a recant of yesterday’s thoughts about the two open governor positions; we also note the comments from… Read More »
Asset Allocation Weekly (November 13, 2020)
by Asset Allocation Committee | PDF In our most recent Asset Allocation quarterly rebalance, we addressed the potential for election-related market disruption. In the end, we made only modest defensive adjustments to the portfolios and instead focused our allocations on continued policy support and economic recovery. In this week’s report, we will look at the… Read More »
Weekly Energy Update (November 13, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart. Positive news on a vaccine for COVID-19 led to a strong rally this week, taking prices to the upper end of the current trading range. Commercial crude oil inventories rose 4.3 mb when a 2.0 mb… Read More »
Daily Comment (November 12, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! U.S. equity futures are a bit lower this morning. Tropical Storm Eta is hitting Jacksonville, FL, today and is on its way up the Southern Atlantic Seaboard this weekend. Although TS Theta won’t get anywhere near the U.S.,… Read More »
Daily Comment (November 11, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with the latest news on the U.S. presidential transition and yesterday’s Supreme Court hearings on the Affordable Care Act. We follow that with some unfriendly market news out of China and various other international developments,… Read More »
Daily Comment (November 10, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with the latest developments in the post-election political and legal maneuvering. Naturally, we follow that with a discussion of coronavirus news and what to expect after yesterday’s blockbuster announcement regarding the vaccine development by Pfizer… Read More »