Research & News
Daily Comment (May 23, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! On Friday, the S&P 500 flirted with official bear market territory (a decline of 20% from the high), but using the words of a locally once famous market strategist, it made a “Hollywood finish” and closed nearly… Read More »
Daily Comment (May 20, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s report begins with a brief update on the war in Ukraine. Afterward, there is a discussion on the Federal Reserve’s determination to rein in inflation at all costs. Next, we look at international news, followed by economics and policy.… Read More »
Daily Comment (May 19, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Our report begins with the market’s reaction to disappointing quarterly reports from major retailers. Afterward, we give an update on the Russian invasion of Ukraine. Next is a discussion about Sri Lanka’s default and rising tensions surrounding Taiwan. We end… Read More »
Weekly Energy Update (May 19, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices have moved higher this week, touching technical resistance at $115 per barrel. (Source: Barchart.com) Crude oil inventories unexpectedly fell 3.4 mb compared to a 1.6 mb build forecast. The SPR declined 5.0 mb, meaning the net draw was 8.4 mb. In… Read More »
Daily Comment (May 18, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment opens with an update on the Russia-Ukraine war, where Russian President Putin appears to be facing increasing popular discontent with the war. We also provide a detailed discussion of the implications now that Sweden and Finland have formally applied for… Read More »
Daily Comment (May 17, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Today, we open our Comment with an update on the Russia-Ukraine war, where the Russian offensives still seem to be stalled, and Ukraine continues to build its momentum. We next review a range of international and U.S. developments with the potential to… Read More »
Daily Comment (May 16, 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. Russian forces remain undermanned and largely stalled out, while Ukrainian forces are launching even more aggressive counterattacks. We next review a range of international and U.S. developments with the potential to… Read More »
Asset Allocation Bi-Weekly – The FOMC Speaks (May 16, 2022)
by the Asset Allocation Committee | PDF On May 4th, the FOMC announced its policy changes. The Fed moved its fed funds target by 50 bps, the fastest increase in 22 years; the last hike of this amount was in May 2000. In the press conference, Chair Powell scotched the notion of a greater than… Read More »
Daily Comment (May 13, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s report begins with updates on stablecoin and the war in Ukraine. Next, we go over the latest U.S. economic and policy news, including a discussion about Fed Chair Powell’s Senate confirmation for a second term. We then review international… Read More »