Research & News
Bi-Weekly Geopolitical Report – The 2025 Geopolitical Outlook (December 16, 2024)
by the Confluence Macroeconomic Team | PDF (This is the final BWGR of 2024; the next report will be published on January 13, 2025.) Each December, we at Confluence publish our annual Geopolitical Outlook to give readers a sense of the issues that will likely dominate the international landscape in the coming year. We don’t… Read More »
Asset Allocation Bi-Weekly – Household Cash Levels and the S&P 500 (December 9, 2024)
by the Asset Allocation Committee | PDF Retail money market levels remain elevated. This chart shows the weekly Friday close for the S&P 500 along with the level of retail money market funds. In general, cash being held can either remain held, be used to purchase goods and services, or be used to buy financial… Read More »
Asset Allocation Bi-Weekly – Bonds and the Post-Election Environment (November 25, 2024)
by the Asset Allocation Committee | PDF The election results are in and, contrary to expectations, voters rendered a quick and clear outcome, with Donald Trump set to return to the White House. The central case prior to the election was that the outcome would be drawn out and contentious — an outcome that would… Read More »
Bi-Weekly Geopolitical Report – Implications of North Korean Soldiers in the Ukraine War (November 18, 2024)
by Daniel Ortwerth, CFA | PDF In late October, the world learned that North Korean soldiers had deployed to Russia to assist their allies in the Ukraine war. This dramatically changed the geopolitical profile of the conflict. Allies and partners of both Ukraine and Russia have been providing material and financial support to both countries… Read More »