Research & News
Daily Comment (August 29, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with concerns about a new El Niño event that could further boost global food prices and other global data showing a decline in alternative investments. We next review a wide range of other international and U.S. developments with… Read More »
Daily Comment (August 28, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a review of Federal Reserve Chair Powell’s address to the Kansas City FRB’s symposium in Jackson Hole on Friday. We next review a wide range of other international and U.S. developments with the potential to affect the… Read More »
Asset Allocation Bi-Weekly – Examining the Rise in T-Note Yields (August 28, 2023)
by the Asset Allocation Committee | PDF Perhaps the most interesting market event this month has been the rapid jump in 10-year Treasury note yields. At the end of May, the 10-year Treasury was yielding 3.64%, but recently the yield hit 4.36%. What’s behind this jump? Here are a few reasons behind the rise: Treasury… Read More »
Daily Comment (August 25, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment will be split into three main topics: 1) What investors will be looking for in Fed Chair Jerome Powell’s speech at Jackson Hole; 2) How China is using BRICS as a way to challenge the U.S. and its… Read More »
Daily Comment (August 24, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment focuses on three major themes: 1) Why mixed data shows that it is too soon to rule out the possibility of a recession; 2) How the GOP debates may be more important than people realize; and 3) Why… Read More »
Weekly Energy Update (August 24, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices continued to weaken this week, although there are technical signs that prices might be consolidating at these elevated levels. (Source: Barchart.com) Commercial crude oil inventories fell 6.1 mb, lower than the 2.5 mb draw forecast. The SPR rose 0.6 mb which puts… Read More »
Daily Comment (August 23, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning from a blistering hot St. Louis! It’s the “dog days” of August, and as we noted above, U.S. equity futures are pointing to a higher open. Unfortunately, we have been experiencing this pattern recently, where we see stronger futures overnight… Read More »
Daily Comment (August 22, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment opens with a curtain-raiser for the BRICS summit starting today in South Africa. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including news of growing trade ties… Read More »