Research & News
Weekly Energy Update (August 25, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices remain under pressure on fears of a deal with Iran and weakening economic growth. (Source: Barchart.com) Crude oil inventories fell 3.3 mb compared to a 2.5 mb draw forecast. The SPR declined 8.1 mb, meaning the net draw was 11.4 mb.… Read More »
Daily Comment (August 24, 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. Today is Ukraine’s national Independence Day and marks six months since the start of the war. We next review a wide range of other international and U.S. developments with the potential… Read More »
Daily Comment (August 23, 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 military operations remain relatively quiet. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including more evidence of… Read More »
Daily Comment (August 22, 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 very few new territorial gains are being made by either side, but the weekend assassination of a Russian nationalist influencer has sparked concern that Russia may now be forced to… Read More »
Asset Allocation Bi-Weekly – The Inflation Surprise (August 22, 2022)
by the Asset Allocation Committee | PDF July inflation came in below expectations. On a yearly basis, the market expected an overall rate of 8.7%, while the actual reading was 8.5%. For core CPI, the actual was 5.9% compared to expectations of 6.1%. Perhaps the most bullish part of the report was the monthly change,… Read More »
Daily Comment (August 19, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Today’s Comment begins with a discussion concerning central bank policies and how they may help foreign currencies to appreciate against the dollar. Next, we review whether the U.S. and China’s power struggle in Asia could benefit U.S. firms with domestic operations. We… Read More »
Daily Comment (August 18, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Today’s Comment is split into two sections. In the first half, we explain why speculation about a Fed pivot is premature. We briefly summarize the meeting minutes, show the market’s reaction, and discuss how the strong jobs market will affect the central… Read More »
Weekly Energy Update (August 18, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices remain under pressure on fears of a deal with Iran and weakening economic growth. (Source: Barchart.com) Crude oil inventories fell 7.1 mb compared to a 0.3 mb build forecast. The SPR declined 3.4 mb, meaning the net draw was 10.2 mb.… Read More »
Daily Comment (August 17, 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 the latest on how the conflict is driving up global energy prices. We next review a wide range of other international and U.S. developments with the potential to affect the… Read More »