Research & News
Weekly Energy Update (July 13, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Falling U.S. inflation is raising hopes that the Fed’s tightening cycle is coming to an end. That has lifted oil prices, triggering a breakout above the recent trading range. (Source: Barchart.com) Commercial crude oil inventories rose 5.9 mb, well above the 0.1 mb draw… Read More »
Daily Comment (July 12, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with notes on global asset allocation strategy among hedge funds and new developments in the global race for electric-vehicle minerals. We next review a wide range of other international and U.S. developments with the potential to affect the… Read More »
Daily Comment (July 11, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with news that Turkey has agreed to support Sweden’s accession to NATO, creating an even more formidable military bulwark in response to Russia’s invasion of Ukraine. We next review a wide range of other international and U.S. developments… Read More »
Bi-Weekly Geopolitical Report – The 2023 Mid-Year Geopolitical Outlook: The Polycrisis (July 10, 2023)
Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF As is our custom, we update our geopolitical outlook for the remainder of the year as the first half comes to a close. This report is less a series of predictions as it is a list of potential geopolitical issues that we believe will dominate… Read More »
Daily Comment (July 10, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with multiple China-related reports highlighting the country’s growing frictions with the West and its sharply slowing economy. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today,… Read More »
Daily Comment (July 7, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Today’s Comment begins with the latest development from Treasury Secretary Yellen’s trip to Beijing. Next, we discuss the heightened risk of unrest in Russia. Lastly, we examine why tech companies are looking to take greater control of access to consumer data. Back… Read More »
Weekly Energy Update (July 6, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Despite OPEC+ promises to cut production, oil remains in a $67 to $74 per barrel trading range. Commercial crude oil inventories fell 1.5 mb, which was on forecast. The SPR fell 1.5 mb, putting the total draw at 3.0 mb. In the details, U.S.… Read More »
Daily Comment (July 6, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with a discussion about friction between policymakers in the U.S. and Europe over the pace and direction of interest rate changes. We will then discuss why households are not as confident in the economy as the data… Read More »
Daily Comment (July 5, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with news of more trade frictions between China and the West. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including reports of a new breakthrough… Read More »