Research & News

Daily Comment (January 4, 2024)

by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Global markets hum with cautious optimism as investors dissect the latest FOMC minutes, while the European football world holds its breath for Kylian Mbappé’s blockbuster transfer decision. In today’s Comment, we delve into the Fed’s policy signals, why Europe’s central… Read More »

Daily Comment (January 3, 2024)

by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with recent reports suggesting U.S. and European leaders are shifting their focus from helping Ukraine expel the invading Russians to simply helping it defend the territory it still holds.  We next review a range of other international and… Read More »

Daily Comment (January 2, 2024)

by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with a discussion of what some observers are starting to describe as a Stalinist purge by General Secretary Xi.  We note that Xi’s firing of military officers and defense industry officials may not be for corruption, but for… Read More »

Daily Comment (December 20, 2023)

by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Note to readers: the Daily Comment will go on holiday after today’s Comment and will return on January 2, 2024. From all of us at Confluence Investment Management, have a Merry Christmas and a Happy New Year! Our Comment today opens with… Read More »

Daily Comment (December 19, 2023)

by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Note to readers: the Daily Comment will go on holiday after December 20, 2023, and will return on January 2, 2024. From all of us at Confluence Investment Management, have a Merry Christmas and a Happy New Year! Our Comment today opens… Read More »

The 2024 Outlook: Slow-Bicycle Economy (December 18, 2023)

by Patrick Fearon-Hernandez, CFA, Thomas Wash, Bill O’Grady, and Mark Keller, CFA Summary of Expectations | PDF The Economy Economic Growth We expect the U.S. economy to continue growing into 2024, but its momentum has been slowing, and slowing momentum will put the economy at increased risk of recession. As the growth rate continues to… Read More »

Daily Comment (December 18, 2023)

by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with several items related to the U.S.-China geopolitical rivalry and what it means for investors.  We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including more… Read More »

Daily Comment (December 15, 2023)

by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Risk assets surge as bullish winds sweep the market, while the Las Vegas Raiders dismantled their AFC West rivals in a dominant win. In today’s Comment, we unpack the dollar’s accelerating decline, dissect the shift away from mega-cap stocks, and… Read More »

Daily Comment (December 14, 2023)

by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Risk assets surge as investors shake off recent jitters, while Giannis Antetokounmpo lit up the court with a 60-point performance. Today’s Comment navigates the key questions on the minds of many: Will central banks pivot soon? Are investors finally ready… Read More »

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