Research & News
Weekly Energy Update (December 14, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF (N.B. The Weekly Energy Update is going on indefinite hiatus. Next year, look for a new report format.) Crude oil prices are continuing to break down despite OPEC+ efforts to restrain supply. Commercial crude oil inventories fell 4.3 mb compared to forecasts of a… Read More »
Daily Comment (December 13, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with some notes on a major Communist Party economic conference in China. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including some new details on… Read More »
Daily Comment (December 12, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with a disagreement at the big COP28 climate change conference over whether to call for an eventual phase-out of fossil fuels. We next review a wide range of other international and U.S. developments with the potential to affect… Read More »
Bi-Weekly Geopolitical Report – The 2024 Geopolitical Outlook (December 11, 2023)
by Bill O’Grady & Patrick Fearon-Hernandez, CFA | PDF (This is the final BWGR of 2023; the next report will be published on January 15, 2024.) As is our custom, in mid-December, we publish our geopolitical outlook for the upcoming year. This report is less a series of predictions as it is a list of… Read More »
Daily Comment (December 11, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with tantalizing signs that the Israel-Hamas conflict could be inching closer to its end game. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including new… Read More »
Daily Comment (December 8, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Risk assets are down following stronger-than-expected jobs data. Meanwhile, the Los Angeles Lakers and Indiana Pacers have secured their spots in the NBA In-Season Tournament championship game. Today’s Comment kicks off with our insights on the latest craze in artificial… Read More »
Daily Comment (December 7, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Risk assets are enjoying a lift as investors eagerly await tomorrow’s crucial jobs data. Meanwhile, former Padres’ outfielder Juan Soto is making his way to the Big Apple for his next adventure. Today’s Comment kicks off with our insights on… Read More »
Weekly Energy Update (December 7, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices are breaking down despite OPEC+ efforts to restrain supply. (Source: Barchart.com) Commercial crude oil inventories fell 4.6 mb compared to forecasts of a 3.0 mb draw. The SPR rose 0.3 mb, which puts the net draw at 4.3 mb. In the… Read More »