Research & News
Daily Comment (December 14, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with the continuing troubles in the global cryptocurrency markets, as well as welcome signs that inflation is continuing to slow even outside of the United States. We next review a wide range of other international and U.S. developments… Read More »
Daily Comment (December 13, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with the expected surge in COVID-19 infections in China after it relaxed its pandemic regulations. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including the… Read More »
Bi-Weekly Geopolitical Report – The 2023 Geopolitical Outlook (December 12, 2022)
by Bill O’Grady & Patrick Fearon-Hernandez, CFA | PDF (This is the last BWGR of 2022; the next report will be published on January 9, 2023.) As is our custom, in mid-December, we publish our geopolitical outlook for the upcoming year. This report is less a series of predictions as it is a list of… Read More »
Daily Comment (December 12, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with a major scientific success that could help improve energy supplies in the coming years. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including a… Read More »
Daily Comment (December 9, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Equity prices have tanked, and the U.S. dollar surged following the hotter-than-expected Producer Price Index report. Today’s Comment begins with discussing the effectiveness of price caps in deterring Russia’s war effort. Next, we examine some possible changes to inflation and… Read More »
Daily Comment (December 8, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Today’s Comment begins with our thoughts about the deepening yield curve inversion and who stands to benefit. Next, we explain why we think major powers will look to make friends with commodity-rich countries. We end our report with a discussion… Read More »
Weekly Energy Update (December 8, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices continue to come under pressure on worries over economic growth. (Source: Barchart.com) Crude oil inventories fell 5.2 mb compared to a 3.9 mb draw forecast. The SPR declined 2.1 mb, meaning the net draw was 7.3 mb. In the details, U.S.… Read More »
Daily Comment (December 7, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning, on this 81st anniversary of the surprise attack on Pearl Harbor. Only a few surviving servicemen will visit this site today, a reflection of the aging of the WWII generation. A 17-year-old serviceman in 1941 would be 98 today. In… Read More »
Daily Comment (December 6, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning on the Feast of St. Nicholas! It’s actually a rather quiet morning after yesterday’s risk-off day. U.S. equity futures have been vacillating this morning, mostly trading inverse the dollar. Gold is higher this morning, but oil is trading lower. Equities… Read More »