Research & News
Daily Comment (January 29, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with news that an Iran-backed militant group has killed several U.S. troops in Jordan, boosting the chance that the Israeli-Hamas conflict will broaden. We next review a range of other international and U.S. developments with the potential to… Read More »
Asset Allocation Quarterly (First Quarter 2024)
by the Asset Allocation Committee | PDF The likelihood of a recession occurring during our forecast period has declined. Domestic economic growth should be robust over the forecast period, although momentum has slowed. Elevated geopolitical tensions and ambiguity related to the U.S. elections are likely to create volatility in the markets. Inflation volatility is likely… Read More »
Daily Comment (January 26, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Wall Street cheers better-than-expected inflation news. Meanwhile, Novak Djokovic’s perfect streak in the Australian Open came to an abrupt end. In our Comment, we explain why optimism should be measured. We also delve into the regulatory storm clouds over Big… Read More »
Daily Comment (January 25, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Wall Street is evaluating the latest GDP data and Jim Harbaugh’s return to coach the L.A. Chargers is expected to electrify the NFL. Today’s commentary dives into the bond market’s potential tantrum after another disappointing auction, discusses the ECB’s recent… Read More »
Daily Comment (January 24, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with items related to the Russia-Ukraine war. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including a surprise easing of monetary policy in China and… Read More »
Keller Quarterly (January 2024)
Letter to Investors | PDF About 125 years ago, a reporter spied J.P. Morgan on the streets of New York and ran over to get a prediction and a quote. “What will the stock market do?” the reporter asked the great banker and investor. “It will fluctuate,” was Morgan’s droll reply. The reporter dutifully reported… Read More »
Daily Comment (January 23, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with signs that European leaders are getting more concerned about future Russian aggression. We next review a range of other international and U.S. developments with the potential to affect the financial markets today, including a potential new stock-market… Read More »
Daily Comment (January 22, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with a short discussion of Japan’s surging stock market and one potential reason for its strong rise. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today,… Read More »