Research & News
Daily Comment (July 15, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF In today’s Comment, we will provide updates on U.K. elections, Draghi’s resignation, and possible price caps, all of which are potential threats to the Western bloc’s unification against Russia. Next, we discuss international news with a focus on China’s latest GDP. We… Read More »
Daily Comment (July 14, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Today’s Comment begins with a discussion about the latest CPI report and its impact on the Federal Reserve’s decision to raise rates. We then briefly review Biden’s trip to Israel. Next, we give an update on the latest development from Russia’s war… Read More »
Weekly Energy Update (July 14, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Since early June, oil prices have fallen significantly, breaking the psychologically important point of $100 per barrel. Technical support exists at $95 per barrel, so we will be watching to see if it holds. (Source: Barchart.com) Crude oil inventories rose 3.3 mb compared to… Read More »
Daily Comment (July 13, 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. Both sides remain in an operational pause, of sorts, but they continue to stage limited, localized attacks on each other. We next review a wide range of other international and U.S.… Read More »
2022 Outlook: Update #2 – The Tails Become Fatter (July 12, 2022)
by Bill O’Grady, Patrick Fearon-Hernandez, CFA, and Mark Keller, CFA | PDF In our 2022 Outlook: The Year of Fat Tails, we outlined a forecast with a higher likelihood of events outside the norm. To compensate for the unusual level of uncertainty, we promised to provide frequent updates to the forecast. This report is the… Read More »
Daily Comment (July 12, 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, focusing on the two sides’ artillery attacks even as they remain generally in an operational pause. We next review a wide range of other international and U.S. developments with the potential… Read More »
Daily Comment (July 11, 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, although there is relatively little to report since both sides remain in an operational pause. We next review a wide range of other international and U.S. developments with the potential to… Read More »
Asset Allocation Bi-Weekly – The ECB Dilemma (July 11, 2022)
by the Asset Allocation Committee | PDF When the Eurozone project began, investors assumed that the credit risk for individual countries would be shared equally among the group’s members. This notion unraveled after the collapse of Lehman Brothers set off a chain of events that triggered the European Sovereign Debt Crisis in 2010. As the… Read More »
Daily Comment (July 8, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Today’s Comment begins with a discussion about Shinzo Abe’s unfortunate assassination. We then examine central bank news from Europe and the U.S. and its impact on the euro-dollar exchange rate. Next, we provide an update on the latest development from the Ukraine… Read More »