Research & News
Daily Comment (October 7, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with a discussion of the latest coronavirus news. We haven’t led off with pandemic news very often in recent months, given that authorities and scientists are gradually getting their hands around the crisis. Today, however,… Read More »
Daily Comment (October 6, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today provides the latest details on President Trump’s bout with the coronavirus and related election news. We also discuss various geopolitical and economic developments overseas, including the new hot spots in the Caucasus and Central Asia (we… Read More »
Weekly Geopolitical Report – Erdoğan’s Leadership and the Turkey-Greece Dispute: Part II (October 5, 2020)
by Patrick Fearon-Hernandez, CFA | PDF In Part I of this report last week, we took a deep look at Turkish President Recep Tayyip Erdoğan’s perspectives, goals, power, initiatives, and constraints. We examined how his primary aims are to regain Islam’s place in global society, seek redress for the way Islam and Turkey have been… Read More »
Daily Comment (October 5, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! Equity markets continue to work higher this morning. We lead off with the president’s condition. Policy news follows, which will focus on the potential for further stimulus. There are three international areas of concern this… Read More »
Daily Comment (October 2, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF The big news this morning is that President Trump and the First Lady have contracted COVID-19. U.S. equity markets are in full retreat on the news. We address some of the potential ramifications. It’s also employment Friday; we cover the… Read More »
Asset Allocation Weekly (October 2, 2020)
by Asset Allocation Committee | PDF The death of Ruth Bader Ginsburg was yet another political shock for 2020 in a year rife with unusual events. The year began with the first official case of COVID-19 in Washington State on January 20. The pandemic and subsequent measures to contain the virus have led to unprecedented… Read More »
Daily Comment (October 1, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF It’s the first day of the fourth quarter and the start of China’s “Golden week.” The EU begins its summit today. U.S. equity markets continue their rally this morning; Tokyo markets were affected by a technical glitch. We begin our… Read More »
Weekly Energy Update (October 1, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart. The recent dip in prices remains, although we are seeing some recovery. Crude oil inventories fell when a build was expected. Commercial stockpiles declined 2.0 mb compared to forecasts of a 2.0 mb rise. The SPR… Read More »
The Case for Hard Assets: An Update (September 2020)
by Bill O’Grady & Mark Keller | PDF Background and Summary In this report, we use the term “commodities” to imply “hard assets.” In our definition, the latter is a commodity that requires multiple years to generate a supply response. This definition excludes agricultural commodities, which tend to create a supply response on an annual… Read More »