Research & News
Daily Comment (October 11, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a warning from the International Monetary Fund about global public finances. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including the latest on the… Read More »
Daily Comment (October 10, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on the situation in Israel, where the country’s military is poised to launch a ground attack on Hamas fighters in the Gaza Strip and all eyes are watching for a potential widening of the conflict. … Read More »
Daily Comment (October 9, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning. Financial markets have been roiled by events in the Middle East, which we will discuss. We are seeing market reactions typical with such geopolitical events, such as a stronger dollar, higher oil prices, a surge in gold, and a decline… Read More »
Asset Allocation Bi-Weekly – The FOMC in 2024 (October 9, 2023)
by the Asset Allocation Committee | PDF The Federal Reserve’s Federal Open Market Committee (FOMC) votes on monetary policy. The FOMC consists of seven governors, the New York FRB president, and a rotating roster of four regional presidents who serve a one-year term on the committee. This rotation feature means that the policy leanings of… Read More »
Daily Comment (October 6, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Our Comment begins with a discussion about whether the Fed can deliver a soft landing, Russia’s decision to reverse course on oil exports, and why investors should pay attention to Mexican politics. As usual, our report also provides an overview… Read More »
Daily Comment (October 5, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Happy Fat Bear Week! We’ve already filled out a bracket, and our money is on #32 Chunk to take the crown as the fattest bear. Today’s Comment discusses the recent rise in global bond yields, the ongoing dollar drought, and problems with… Read More »
Weekly Energy Update (October 5, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF After making a run at $95 per barrel last week, prices are correcting; we suspect rising interest rates are increasing fears of an economic slowdown. (Source: Barchart.com) Commercial crude oil inventories fell 2.2 mb compared to forecasts of a 1.5 mb build. The SPR… Read More »
Daily Comment (October 4, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with U.S. news, with a focus on last night’s historic vote in Congress to remove House Speaker McCarthy. We next review a wide range of other international developments with the potential to affect the financial markets today, including… Read More »
Daily Comment (October 3, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a discussion of the battle brewing over Chinese influence at the International Monetary Fund. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including a… Read More »