Research & News
Weekly Energy Update (March 2, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil remains in a trading range between $72-$82 per barrel. (Source: Barchart.com) Crude oil inventories rose 1.2 mb compared to a 1.8 mb build forecast. The SPR was unchanged. In the details, U.S. crude oil production was unchanged at 12.3 mbpd. Exports rose… Read More »
Asset Allocation Bi-Weekly – Federal Reserve Policymakers in 2023: Hawks or Doves? (February 27, 2023)
by the Asset Allocation Committee | PDF The Federal Reserve surprised markets when it raised its benchmark fed funds interest rate by a total of 450 bps in 2022, the most rapid increase in over 40 years. Weighed down by technology stocks, equities had their first annual decline in over a decade. The weak stock… Read More »
Weekly Energy Update (February 23, 2023)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil remains in a trading range between $72-$82 per barrel. (Source: Barchart.com) Crude oil inventories rose 7.6 mb compared to a 2.0 mb build forecast. The SPR was unchanged. In the details, U.S. crude oil production was unchanged at 12.3 mbpd. Exports rose… Read More »
Bi-Weekly Geopolitical Report – Chip War: Book Review (February 21, 2023)
Thomas Wash | PDF It was simple in the beginning. American firms developed all the designs for semiconductor chips, and Asian manufacturers turned them into reality. It was a match made in capitalist heaven. This all changed after the pandemic exposed supply chain vulnerabilities in the business model, and the situation only worsened after Russia’s… Read More »
Weekly Energy Update (February 16, 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 a whopping 16.3 mb compared to a 2.0 mb build forecast. The SPR was unchanged. In the… Read More »
Asset Allocation Bi-Weekly – Reflections on Inflation (February 13, 2023)
by the Asset Allocation Committee | PDF [Note: There will be no accompanying podcast with this report.] Several advisors and their clients have been asking questions about inflation, which suggests there is a degree of uncertainty surrounding the issue. This uncertainty is understandable as inflation is a very complicated subject and, unfortunately, economic theory has… Read More »
Weekly Energy Update (February 9, 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 2.4 mb compared to a 2.0 mb build forecast. The SPR was unchanged. In the details, U.S.… Read More »