Research & News
Daily Comment (November 22, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF The Daily Comment will go on hiatus beginning Wednesday, November 23, and will return on Monday, November 28. Our Comment today opens with an update on the Russia-Ukraine war, including news of an important new Ukrainian effort to recapture land in the… Read More »
Daily Comment (November 21, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF The Daily Comment will go on hiatus beginning Wednesday, November 23, and will return on Monday, November 28. Our Comment today opens with an update on the Russia-Ukraine war, where it appears that the Russian forces recently pushed out of the southern… Read More »
Daily Comment (November 18, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF The Daily Comment will go on hiatus beginning Wednesday, November 23, and will return on Monday, November 28. Guten Morgen! Today’s Comment begins with our thoughts about the growing financial stress within the international banking system. Next, we discuss how the dollar… Read More »
Daily Comment (November 17, 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 why countries are ok with tight fiscal and monetary policy even when their economies are barreling toward recession. Next, we review what a possible reprieve in geopolitical tensions could mean for commodities. Finally,… Read More »
Weekly Energy Update (November 17, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF (The Weekly Energy Update will not be published next week due to Thanksgiving. The report will return on December 1.) Crude oil prices appear to be building in a base in the mid-$80s. (Source: Barchart.com) Crude oil inventories fell 5.4 mb compared to a… Read More »
Daily Comment (November 16, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning. Recently, the dollar has been the key indicator of the direction of financial and commodity markets. A stronger dollar usually signals weaker financial and commodity markets, while dollar weakness indicates the opposite. This morning, the dollar is weaker but there… Read More »
Daily Comment (November 15, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning to all those eight billion out there (that are growing older, btw)! Equities are trending higher this morning, interest rates are falling, and the dollar is lower. The driving factor behind the rally is primarily the meeting between President Biden… Read More »
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 »