Research & News
Daily Comment (November 27, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Good morning all! Equities are trading stronger as fears of a recession have been calmed by upward revisions to GDP for the third quarter. Below are the stories we will be tracking today: Mexico infrastructure: On Tuesday, Mexico’s government announced the first… Read More »
Daily Comment (November 26, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s very quiet this morning. (N.B. The Wednesday report will be the last one for this week; have a great Thanksgiving.) Chair Powell gave an upbeat speech. Trade negotiations continue. Chairman Xi is having a rough time lately. There was a major… Read More »
Daily Comment (November 25, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy Monday! This will be a short week for U.S. markets. (N.B. The Wednesday report will be the last one for this week; have a great Thanksgiving.) It’s a modest risk on day so far. There was some positive trade news. Tories… Read More »
Asset Allocation Weekly (November 22, 2019)
by Asset Allocation Committee (NB: Due to the Thanksgiving holiday, the next report will be published on December 6.) The health of the consumer is critical to the future path of economic growth. For the most part, consumption is accounting for most of the growth in the economy. This chart shows the four-quarter average of the… Read More »
Daily Comment (November 22, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Episode #3 of our Confluence of Ideas podcast is now available. Happy Friday! It’s a slow news day this morning. Financial markets are rather calm. We cover the global PMI data in the foreign section. Here is what caught our attention this… Read More »
Daily Comment (November 21, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Episode #3 of our Confluence of Ideas podcast is now available. Financial markets this morning can best be described as “becalmed.” Not much is moving We cover the Fed minutes and the recent gyrations with trade. OECD downgrades 2020 growth. Yesterday’s energy… Read More »
Daily Comment (November 20, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Episode #3 of our Confluence of Ideas podcast is now available. It’s a risk-off morning at mid-week. There are three items of note in the overnight news. First, the Senate has passed the Hong Kong democracy bill. Second, the debate between Johnson… Read More »
Daily Comment (November 19, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Episode #3 of our Confluence of Ideas podcast is now available. It’s rather quiet this morning with a modest risk-on tone to the markets. Yesterday, on the other hand, was active. Trump and Powell met. The government might shut down due to… Read More »
Weekly Geopolitical Report – Thirty Years Since the Fall of the Berlin Wall: A Retrospective, Part II (November 18, 2019)
by Bill O’Grady (Due to the Thanksgiving holiday, the next report will be published on Dec. 2.) In Part I of this report, we presented the first two of four ideas about the post-Cold War era and how well they fared. This week, we will cover the remaining two ideas and conclude with market ramifications.… Read More »