Research & News
Daily Comment (November 30, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! The day is off to a lively start, with equities surging and Arkansas pulling off an upset victory over Duke. In today’s Comment, we delve into the reasons behind investor rate expectations that may be amiss, explore the waning influence… Read More »
Weekly Energy Update (November 30, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices have retreated from their early October highs. (Source: Barchart.com) Commercial crude oil inventories rose 1.6 mb compared to forecasts of a 1.7 mb draw. The SPR rose 0.3 mb, which puts the net build at 1.9 mb. In the details, U.S.… Read More »
Daily Comment (November 29, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with new projections of global interest rates from the Organization for Economic Cooperation and Development. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including potential… Read More »
Daily Comment (November 28, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with hints of further tightening in the eurozone’s monetary policy, despite the continuing slowdown in the region’s economic growth. We next review a wide range of other international and U.S. developments with the potential to affect the financial… Read More »
Daily Comment (November 27, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with some ideas we picked up on the world’s geopolitical trends from our reading over the holiday weekend. We next review a range of recent international and U.S. developments with the potential to affect the financial markets today,… Read More »
Daily Comment (November 21, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with a discussion of how the recent cooling in U.S.-China tensions seems to be worrying Russia. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including… Read More »
Daily Comment (November 20, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with indications of a potential cooling of Japan-China tensions as Beijing looks to bolster Chinese economic growth. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today,… Read More »
Asset Allocation Bi-Weekly – Reflections on Earnings (November 20, 2023)
by the Asset Allocation Committee | PDF The third quarter’s earnings season is coming to a close and, once again, earnings beat expectations. In this report, we will take a more in-depth look at S&P 500 earnings and overall corporate earnings. This chart examines S&P 500 earnings on a four-quarter trailing basis. We have regressed… Read More »