Research & News
Daily Comment (November 10, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with the latest developments in the post-election political and legal maneuvering. Naturally, we follow that with a discussion of coronavirus news and what to expect after yesterday’s blockbuster announcement regarding the vaccine development by Pfizer… Read More »
Weekly Geopolitical Report – Revolution in Kyrgyzstan (November 9, 2020)
by Thomas Wash | PDF Around 20,000 protesters took to the streets in the Kyrgyzstan capital of Bishkek following parliamentary elections on October 4. Social media posts and news reports of alleged vote-buying and registration fraud sparked outrage when 107 out of 120 parliamentary seats went to parties loyal to President Sooronbay Jeenbekov, a surprising… Read More »
Daily Comment (November 9, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and Happy Monday! Global equity markets are on a tear this morning; we are seeing a spike in interest rates, a drop in gold prices, and a surge in oil prices. All this looks like a trade based… Read More »
Daily Comment (November 6, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and Happy Friday! Equity markets are taking a breather this morning, lower after a strong and volatile week. It’s employment day; we cover the data in detail below, but the quick read is that it came in much… Read More »
Asset Allocation Weekly (November 6, 2020)
by Asset Allocation Committee | PDF In his book entitled The Counter-Revolution in Monetary Theory, Milton Friedman states that, “Inflation is always and everywhere a monetary phenomenon in a sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.” This sentiment shaped both… Read More »
Daily Comment (November 5, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. Equity markets continue to rally and lead off our coverage this morning. The winter surge in COVID-19 continues to gather pace and comes next in today’s commentary. Central banks are batting third—the FOMC meeting concludes today, and the… Read More »
Weekly Energy Update (November 5, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart. After dipping below the $37.00/$42.00 range, prices have returned to that band. A key reason is that OPEC+ is considering additional production restrictions. Commercial crude oil inventories fell 8.0 mb when a 2.0 mb build was… Read More »
Daily Comment (November 4, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with the latest on the U.S. election situation, including a detailed recap of market action in the key asset classes overnight. Believe it or not, there has also been news overseas while we’ve all been… Read More »
Daily Comment (November 3, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with what we know about the U.S. elections so far (naturally, it’s very little). We also review a few key news items from overseas, including a terrorist attack in Vienna. We wrap up with the… Read More »