Research & News
Weekly Geopolitical Report – The Election of 1876: Part II (October 26, 2020)
by Bill O’Grady | PDF Last week, we outlined the history of the presidential election of 1876. This election was disputed and required a special commission to resolve. This week, we will begin with a discussion of our current procedure for electing presidents and the impact of partisanship on the existing environment. We will use… Read More »
Daily Comment (October 26, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF It’s Monday, the last week of October. U.S. equity futures are weaker this morning. A big reason has been a global resurgence of the virus. It leads off our coverage this morning. Next up is international news. In this week’s… Read More »
Daily Comment (October 23, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Friday! U.S. equity futures are modestly higher this morning. The last presidential debate came and went; it was more orderly than the last one. At this late date, we doubt it will have a significant effect… Read More »
Asset Allocation Weekly (October 23, 2020)
by Asset Allocation Committee | PDF The measures adopted to combat the spread of COVID-19 caused one of the most unusual recessions in American economic history. Although all recessions have their own unique characteristics, the recession that began in February was historically deep; it is likely already over too, making it one of the shortest… Read More »
Daily Comment (October 22, 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 weaker as the financial markets continue to watch for some sort of fiscal action. We start today’s coverage with policy news, including an update on the latest with the fiscal stimulus talks… Read More »
Weekly Energy Update (October 22, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart. Prices remain rangebound. Commercial crude oil inventories fell 1.0 mb when a 2.0 mb build was expected. The SPR declined 0.8 mb; since peaking at 656.1 mb in July, the SPR has drawn 16.5 mb. Given… Read More »
Keller Quarterly (October 2020)
Letter to Investors | PDF Every four years, investors contemplate the upcoming presidential election and begin to worry in earnest that it will turn their world upside down. I hear from clients that their financial plans will all come crashing down if the “wrong” person is elected. Now, I realize that elections have consequences, and… Read More »
Daily Comment (October 21, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today again opens with coronavirus news, based on investors’ strong interest in negotiations over a possible new pandemic relief bill out of Congress. The big news there is simply that the talks are continuing. After the pandemic… Read More »