Research & News
Daily Comment (June 14, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with updated oil demand and supply forecasts from the International Energy Agency. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including more signs of faltering… Read More »
Daily Comment (June 13, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with plenty of China news, including signs of an investor exodus from the country and efforts by the central bank to boost economic growth. We next review a wide range of other international and U.S. developments with the… Read More »
Bi-Weekly Geopolitical Report – The Issue of the Terms of Trade (June 12, 2023)
Bill O’Grady | PDF In a recent Bi-Weekly Geopolitical Report, we discussed the emergence of the petroyuan. One of the important aspects of that report was that foreign nations were beginning to pay for oil in their own currencies. As we noted in the report, George Shultz and Henry Kissinger negotiated a deal with the… Read More »
Daily Comment (June 12, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a couple of quick notes on the war in Ukraine and Russia’s relationship with the United States. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets… Read More »
Daily Comment (June 9, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with our thoughts on the future path of interest rates and why we still believe that the hype surrounding artificial intelligence is far from over. Next, we examine the struggles of the West to address the growing… Read More »
Daily Comment (June 8, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with our thoughts on the reasons that central bankers may have for not being finished with rate hikes. Next, we explain the possible liquidity issue in international markets. Lastly, we discuss why a possible BRICS currency is… Read More »
Weekly Energy Update (June 8, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices continue to trade in the lower part of the trading range despite the Saudis’ announcement of a unilateral production cut. (Source: Barchart.com) Commercial crude oil inventories fell 0.5 mb when compared to the forecast build of 1.5 mb. The SPR fell 1.9… Read More »
Daily Comment (June 7, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with new, upgraded forecasts for global economic growth from the World Bank. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including a big slide today… Read More »
Daily Comment (June 6, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with news that a major venture-capital business, Sequoia Capital, is splitting up into components that largely reflect the global fracturing that we’ve been talking about for so long. We next review a wide range of other international and… Read More »
Daily Comment (June 5, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with some trends in the little-followed monthly report on construction spending. The data suggests that the re-industrialization of the U.S. economy, which we have long expected, is now showing up in the statistical data. We next review a… Read More »