Research & News
Daily Comment (October 13, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today provides more detail on the Bank of England’s possible future move to adopt negative interest rates, which we flagged yesterday before details were available. We also review some good news on Chinese trade statistics, although that… Read More »
Weekly Geopolitical Report – Back to the Future? Prospects for a New Cold War Against China (October 12, 2020)
by Patrick Fearon-Hernandez, CFA | PDF This edition of our Weekly Geopolitical Report explores the prospects of a new Cold War between the United States and China. Based on the author’s personal experiences at the end of the U.S.-Soviet Cold War, this report explores the various costs that would likely arise from a new Cold… Read More »
Daily Comment (October 12, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. It’s Columbus Day, so commercial bank operations are partially closed. There is no official market for Treasuries today, although you can still trade Treasury futures. Equity markets are working higher this morning. Judge Barrett’s confirmation process begins this… Read More »
Daily Comment (October 9, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Friday. Hurricane Delta is expected to make landfall in Louisiana today. U.S. equity futures continue to trend higher this morning. Since stimulus hopes are supporting the rally, we begin with commentary on the state of negotiations. … Read More »
Asset Allocation Weekly (October 9, 2020)
by Asset Allocation Committee | PDF Later this month, the European Union will begin auctioning off bonds to facilitate its economic recovery from the pandemic. In all, the EU plans to raise up to €850 billion over the next 5-7 years, with €750 billion still awaiting approval from the European Parliament. If approved, as we… Read More »
Daily Comment (October 8, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Hydrogen Day (its atomic weight is 1.008, or “10-08”). Equity markets continue to move higher; although the S&P 500 remains below its recent peak, the market remains resilient. Today’s commentary starts with the FOMC minutes. We… Read More »
Weekly Energy Update (October 8, 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. Commercial crude oil inventories rose 0.5 mb when a 1.2 mb decline was expected. The SPR declined 8.8 mb; since peaking at 656.1 mb… Read More »
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 »