Research & News
Daily Comment (November 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 a discussion of what comes next following Ukraine’s dramatic recapture of the southern city of Kherson late last week. We next review a wide range of other international and U.S.… Read More »
Asset Allocation Bi-Weekly – The Impossible Trinity (November 14, 2022)
by the Asset Allocation Committee | PDF The U.S. Dollar Index hit a 20-year high in September as the greenback gained against other global currencies. The climb in the U.S. dollar (USD) began in the post-pandemic recovery. Investors flocked to the greenback for safety as the U.S. economy outgrew its peers in the OECD. Aggressive… Read More »
Daily Comment (November 11, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Happy Veterans Day! Today’s Comment begins with our view on the market’s reaction to the positive CPI report. Next, we discuss how a moderation in Fed policy could impact the dollar. The report ends with a review of recent developments that may… Read More »
Daily Comment (November 10, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with a quick observation on the market action following the CPI data. Next is our take on the midterm election results. Then, we point out the recent slowdown in the movement toward deglobalization. Lastly, we give an… Read More »
Weekly Energy Update (November 10, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices appear to be building in a base in the mid-$80s. (Source: Barchart.com) Crude oil inventories rose 3.9 mb compared to a 0.3 mb build forecast. The SPR declined 3.6 mb, meaning the net build was 0.3 mb. In the details, U.S.… Read More »
Daily Comment (November 9, 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 discussion of some of the key air defense and cyberwarfare assistance that the U.S. has provided to Ukraine. We next review a wide range of other international and U.S.… Read More »
Daily Comment (November 8, 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 new statement by Ukrainian President Zelensky that he is open to peace talks with Russia, subject to tough conditions. We next review a wide range of other international and… Read More »
Bi-Weekly Geopolitical Report – Reflections on the 20th Party Congress (November 7, 2022)
by Bill O’Grady | PDF (The Bi-Weekly Geopolitical Report will not be published in two weeks due to Thanksgiving. The report will return on December 12.) The Communist Party of China’s (CPC) 20th Party Congress has come to a close. By all accounts, General Secretary Xi has tightened his grip on power. Not only has… Read More »