Research & News
Daily Comment (May 26, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment starts with our thoughts about the potential benefits and risks associated with generative artificial intelligence (AI). Next, we examine the impact that a German recession would have on the European Central Bank’s policy rate decision. Finally, we discuss… Read More »
Daily Comment (May 25, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment starts with an update on the debt ceiling negotiations. Next, we argue that the Fed may pause this year but is not likely to pivot. We end the report with our thoughts about the rising likelihood of a… Read More »
Weekly Energy Update (May 25, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Oil prices are rising back into their earlier trading range of $73 to $82 per barrel. (Source: Barchart.com) Commercial crude oil inventories fell a whopping 12.5 mb when compared to the forecast build of 1.5 mb. The SPR fell 1.6 mb, putting the total… Read More »
Daily Comment (May 24, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a few new developments in Russia’s invasion of Ukraine. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including new evidence of the threat from… Read More »
Daily Comment (May 23, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with some key data showing how reduced demand for goods is slowing the global economy, even as post-pandemic demand for services continues to grow. We next review a wide range of other international and U.S. developments with the… Read More »
Daily Comment (May 22, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a short recap of the Group of Seven (G7) summit in Japan, which finished over the weekend. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets… Read More »
Asset Allocation Bi-Weekly – The Case for New Home Sales (May 22, 2023)
by the Asset Allocation Committee | PDF A common topic among the financial markets is the impact of rapid monetary policy tightening. After years of accommodative monetary policy, the spike in inflation caused by the pandemic has continued to persist. To address the inflation issue, the FOMC has lifted the policy target rate at the… Read More »
Daily Comment (May 19, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment will start with our thoughts on the recent performance of European stocks. Next, we will give a broad overview of the limitations and controversy surrounding generative artificial intelligence. Lastly, we explain why emerging markets may not be keen… Read More »