Research & News
Daily Comment (September 25, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF It’s Friday and we are closing another week. Equity markets continue to struggle. We lead off with policy news from around the world (including the U.S.). China news is next. We update the pandemic news followed by international news. As… Read More »
Asset Allocation Weekly (September 25, 2020)
by Asset Allocation Committee | PDF For more than a decade, U.S. investors who diversified their risk assets to include foreign equities have been sorely disappointed in the results. Since September 2010, for example, the S&P 500 Index of large cap U.S. stocks has provided an average annual total return of approximately 13.9%, but the… Read More »
Daily Comment (September 24, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, all. Equity markets are marking time this morning, but the market tone isn’t very good. A general market comment leads our coverage this morning. The virus update comes next. China news follows. We close with economic, policy, and… Read More »
Weekly Energy Update (September 24, 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 a bit less than expected. Commercial stockpiles declined 1.6 mb compared to forecasts of a 2.8 mb decline. The SPR… Read More »
Daily Comment (September 23, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today discusses the state-of-play on Supreme Court politics in the U.S. and the initial passage of a vote that is keeping the federal government funded through December. Those developments are positive and are probably helping to give… Read More »
Daily Comment (September 22, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF In our Daily Comment today, we discuss the latest new sources of tension between the U.S. and China. That tension remains one of the key risks for global markets, ranking right up there with the economic impact of the coronavirus… Read More »
Weekly Geopolitical Report – Meet Yoshihide Suga (September 21, 2020)
by Patrick Fearon-Hernandez, CFA | PDF Because of Japan’s enormous role in the world, investors need to pay attention whenever the country undergoes a change of leadership as it did last week. After all, Japan currently accounts for some 7% of global stock market capitalization and 6% of the world’s gross domestic product. Not bad… Read More »
Daily Comment (September 21, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. It’s Monday and there is a lot going on. Equity markets are down sharply across the world; we suspect fears of political turmoil are adversely affecting financial markets. We lead off with comments surrounding the death of Justice… Read More »