Research & News
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 »
Bi-Weekly Geopolitical Report – The Oil Weapon Returns (October 2, 2023)
Bill O’Grady | PDF Oil is arguably the most critical commodity. Although food is perhaps more essential to life, most food production today is dependent on fossil fuels. Daniel Yergin’s epic history of oil, The Prize,[1] examines who had oil, who needed oil, and what they did to secure it. Due to oil’s importance, there… Read More »
Daily Comment (October 2, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a recap of the U.S. Congress’s last-minute deal on Saturday to avert a partial government shutdown. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today,… Read More »