Research & News
Daily Comment (March 3, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with some key observations on Friday’s disastrous summit meeting between President Trump and Ukrainian President Zelensky. We next review several other international and US developments with the potential to affect the financial markets today, including key reports on… Read More »
Asset Allocation Bi-Weekly – Tackling Long-Term Interest Rates (March 3, 2025)
by the Asset Allocation Committee | PDF In his testimony before the House Financial Services Committee on February 12, Federal Reserve Chair Powell was questioned about why mortgage rates had not declined. In response, Powell emphasized that the Fed primarily influences short-term interest rates, not the longer-term rates such as those tied to mortgages. Despite… Read More »
Daily Comment (February 28, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Good morning! Markets are reacting to the latest inflation data. In sports, Steph Curry joined Wilt Chamberlain and Elgin Baylor as the only players with 45+ point games on the same date. Today’s Comment explores the factors behind the Fed’s aggressive policy… Read More »
Daily Comment (February 27, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Good morning! The market is digesting the president’s recent tariff announcements. In sports news, Real Madrid secured a victory against Real Sociedad in the first leg of their Copa del Rey semifinal clash. Today’s Comment will explore why the trade deficit may… Read More »
Daily Comment (February 26, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Good morning! Markets are closely watching the Republican budget bill, as the likelihood of extended tax cuts grows. In sports news, Alex Ovechkin made history by scoring 30 goals in a season for the 19th consecutive year, setting a new NHL record.… Read More »
Daily Comment (February 25, 2025)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with more evidence of the Trump administration’s revolutionary realignment of US foreign policy, which could have big implications for the US economy and financial markets over the longer term. We next review several other international and US developments… Read More »
Bi-Weekly Geopolitical Report – Sanctions as an Investment Risk (February 24, 2025)
by Patrick Fearon-Hernandez, CFA | PDF In the last two decades, the United States has dramatically increased its use of international economic and financial sanctions to stop or deter behaviors at odds with US national security or foreign policy. The Treasury Department has estimated that the US had such sanctions on over 9,400 individuals, entities,… Read More »