Research & News
Weekly Energy Update (September 22, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices remain under pressure on recession fears. (Source: Barchart.com) Crude oil inventories rose 1.1 mb compared to a 1.9 mb build forecast. The SPR declined 6.9 mb, meaning the net draw was 5.8 mb. In the details, U.S. crude oil production was… Read More »
Daily Comment (September 21, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on the Russia-Ukraine war, in which Russia has announced a mobilization of its reserves and has made new threats to use nuclear weapons. We next review a wide range of other international and U.S. developments… Read More »
Daily Comment (September 20, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on the Russia-Ukraine war, including a near miss yesterday when a Russian missile almost struck a Ukrainian nuclear power plant. We next review a wide range of other international and U.S. developments with the potential… Read More »
Daily Comment (September 19, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on the Russia-Ukraine war, where the Ukrainians continue to make progress in their key counteroffensives. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets… Read More »
Asset Allocation Bi-Weekly – The Federal Reserve’s Big Policy Mistake (September 19, 2022)
by the Asset Allocation Committee | PDF If you look at how stocks and other risk assets have lost value since Fed Chair Powell’s short, hawkish speech at Jackson Hole last month, it’s clear he has succeeded in resetting expectations for monetary policy. Investors now seem to accept that the Fed plans to hike interest… Read More »
Daily Comment (September 16, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with an update on the conflict in Ukraine, which includes a discussion about China and Russia’s relationship. Next, we review the dollar’s impact on the global economy. We conclude the report with an overview of U.S. efforts… Read More »
Daily Comment (September 15, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with an overview of the implications of a more aggressive Federal Reserve. Next, we discuss the latest developments in the EU and U.S. fight against inflation, which includes an update on rail worker negotiations. The report concludes… Read More »
Weekly Energy Update (September 15, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices remain under pressure on recession fears. (Source: Barchart.com) Crude oil inventories rose 2.4 mb compared to a 2.5 mb build forecast. The SPR declined 8.4 mb, meaning the net draw was 6.0 mb. In the details, U.S. crude oil production was… Read More »
Daily Comment (September 14, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on the Russia-Ukraine war, including an update on how Russia is responding to Ukraine’s recent battlefield gains. We next review a wide range of other international and U.S. developments with the potential to affect the… Read More »