Research & News
Daily Comment (January 27, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Today’s Comment begins with our thoughts on the latest Gross Domestic Product data and what it may say about the economy. Next, we explain why the global bond rally has not eased concerns over government debt management. The report ends… Read More »
Daily Comment (January 26, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Today’s Comment begins with a discussion about whether central banks will continue to raise rates. Next, we explain why investors have varying opinions about the state of the global economy. We end the report with our thoughts about rising friction… Read More »
Weekly Energy Update (January 26, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices appear to have based but so far have failed to break above resistance at around $80-$82 per barrel. (Source: Barchart.com) Crude oil inventories rose 0.5 mb compared to a 3.0 mb draw forecast. The SPR was unchanged. In the details, U.S.… Read More »
Daily Comment (January 25, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with an apparent agreement between the U.S. and Germany that will unlock the transfer of advanced tanks to Ukraine. We next review a wide range of other international and U.S. developments with the potential to affect the financial… Read More »
Daily Comment (January 24, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with some positive economic news out of Europe where the January flash composite PMI unexpectedly swung above the level of 50, indicating a return to growth. We next review a wide range of other international and U.S. developments… Read More »
Bi-Weekly Geopolitical Report – The New German Problem (January 23, 2023)
Thomas Wash | PDF When times are tough, you discover who your real friends are, just ask the European Union. From 1860 to 1945, Germany struggled to keep the peace with its neighbors. Commodity-deprived and lacking natural barriers, Germany has sought to impose its will throughout Europe to protect itself from being invaded or cut… Read More »
Daily Comment (January 23, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with multiple reports out of Asia. Even though China is largely shut down this week because of the Lunar New Year holiday, several news items today reflect how its growing military strength and aggressiveness are having an impact… Read More »
Daily Comment (January 20, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Today’s Comment begins with a discussion about how investors’ expectations of the Fed’s rate hikes are impacted by a possible recession. Next, we give our thoughts about U.S. foreign and domestic policy. Finally, we review the latest developments from China.… Read More »