Research & News
Weekly Energy Update (October 14, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices remain in a downtrend. (Source: Barchart.com) Crude oil inventories rose 9.9 mb compared to a 1.0 mb build forecast. The SPR declined 7.7 mb, meaning the net build was 2.2 mb. In the details, U.S. crude oil production fell 0.1 mbpd… Read More »
Daily Comment (October 13, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning and happy CPI day! U.S. equity futures were moving higher in front of the report, and we will cover the CPI numbers in detail below, but in short, they were bad, leading to a sharp reversal in equity futures. Our… Read More »
Daily Comment (October 12, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning. Markets are higher this morning, with U.S. equity futures moving higher before the PPI data. The PPI data came in “hotter” than expected, taking equity futures off their earlier highs. The dollar is mixed, with the GBP modestly higher while… Read More »
Daily Comment (October 11, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF In today’s Comment, we begin with economic and finance news as the BOE had to rush support to the Gilt market after rates jumped on fears that the bank would withdraw support from the market. War news comes next, with a look… Read More »
Bi-Weekly Geopolitical Report – Europe’s New, Right-Wing Leaders (October 10, 2022)
by Patrick Fearon-Hernandez, CFA | PDF Late summer can often be a quiet time for global affairs, economics, and the financial markets. Especially in Europe, people are off on their long summer holidays, making it difficult to find a “quorum” for political events and business meetings while sapping liquidity in the investment markets. This year,… Read More »
Daily Comment (October 10, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF In today’s Comment, we begin with an update on the war in Ukraine, with a special look at the bridge attack. China news comes next, where we discuss the U.S.’s further tightening of semiconductor export controls. The international news roundup follows where… Read More »
Daily Comment (October 7, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment starts with a discussion about central banks around the world becoming more hawkish. Next, we give an overview of rising geopolitical tensions in Central Asia and Europe. We conclude the report with thoughts on how U.S. moves are… Read More »
Daily Comment (October 6, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with a discussion about the Federal Reserve’s insistence on raising its benchmark interest rate despite the global outcry. Next, we discuss the impact that Ukraine’s successes in the south have had on Russian sentiment. We end the… Read More »
Weekly Energy Update (October 6, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices remain in a downtrend. (Source: Barchart.com) Crude oil inventories fell 1.4 mb compared to a 2.1 mb build forecast. The SPR declined 6.2 mb, meaning the net draw was 7.6 mb. In the details, U.S. crude oil production was steady at… Read More »