Research & News
Daily Comment (October 21, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with a statement from a European monetary policymaker that suggests the European Central Bank could cut its benchmark short-term interest rates more slowly than investors expect, just as we think the Federal Reserve could cut US rates more… Read More »
Daily Comment (October 18, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF The market is currently processing the recent GDP data from China. In sports news, the Cleveland Guardians stunned the New York Yankees with a 10th-inning home run to win Game 3 of the ALCS. Today’s Comment will discuss why consumer spending has… Read More »
Daily Comment (October 17, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Good morning! The market is currently analyzing the latest retail sales data. In sports news, the New York Liberty secured a victory against the Minnesota Lynx in Game 3 of the WNBA Finals, taking a 2-1 lead in the series. Today’s Comment… Read More »
Daily Comment (October 16, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Good morning! Investors are eagerly awaiting more earnings reports to assess the underlying strength of the financial markets. In sports news, Argentine midfielder Lionel Messi scored a hat trick against Bolivia as he prepares for retirement. Today’s Comment will delve into our… Read More »
Daily Comment (October 15, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with news that Israel has agreed to strike only military targets in its expected attack on Iran, sparing oil and nuclear facilities. Global oil prices have therefore fallen sharply so far today. We next review several other international… Read More »
Daily Comment (October 14, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Our Comment today opens with yet another disappointing press conference by a top Chinese economic official. We next review several other international and US developments with the potential to affect the financial markets today, including a cut in France’s debt rating outlook… Read More »
Asset Allocation Bi-Weekly – The Yield Curve Un-Inverts (October 14, 2024)
by the Asset Allocation Committee | PDF Although the financial press has failed to discuss it at length, the United States bond market has just exited a long period in which the yield curve (the range of bond yields across maturities) was inverted (longer-term yields were lower than shorter-term yields). One popular summary measure of… Read More »
Daily Comment (October 11, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Good morning! The market is currently analyzing the latest PPI data. In sports news, the Minnesota Lynx managed to win game one against the New York Liberty in the WNBA Final. Today’s Comment will cover our thoughts on the latest inflation report,… Read More »
Daily Comment (October 10, 2024)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM ET] | PDF Good morning! The market is still processing the latest inflation data. In sports news, the New York Mets defeated the Philadelphia Phillies to move on to the NLCS. Today’s Comment will discuss the latest FOMC meeting minutes, explain why the dollar is… Read More »