Research & News
Daily Comment (July 20, 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. Both sides in the war appear to be ramping up their attacks again, but the key developments today revolve around Europe’s intensifying efforts to prepare for a complete cut-off of Russian… Read More »
Asset Allocation Quarterly (Third Quarter 2022)
by the Asset Allocation Committee | PDF Global growth is clearly slowing and the probability of a recession in the U.S. over the next year is significantly elevated. The Fed is continuing its aggressive attack on inflation through rapid increases in the fed funds rate and accelerating its balance sheet reduction. Economic data from overseas… Read More »
Daily Comment (July 19, 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 further evidence that Russia’s aggression has sparked a major, long-lasting increase in global defense spending. We next review a wide range of other international and U.S. developments with the potential… Read More »
Bi-Weekly Geopolitical Report – The Pandemic’s Impact on Inequality (July 18, 2022)
by Natalia Fields | PDF During the global coronavirus pandemic that exploded globally in 2020, perhaps the most notable economic development was the effort by governments around the world to stop the spread of infections through lockdowns, while simultaneously trying to support incomes and economic activity via loose fiscal, monetary, and regulatory policies. Importantly, the… Read More »
Daily Comment (July 18, 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, where Russia appears to be ramping up its ground attacks and missile barrages again after a partial operational pause. We next review a wide range of other international and U.S. developments… Read More »
Daily Comment (July 15, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF In today’s Comment, we will provide updates on U.K. elections, Draghi’s resignation, and possible price caps, all of which are potential threats to the Western bloc’s unification against Russia. Next, we discuss international news with a focus on China’s latest GDP. We… Read More »
Daily Comment (July 14, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Today’s Comment begins with a discussion about the latest CPI report and its impact on the Federal Reserve’s decision to raise rates. We then briefly review Biden’s trip to Israel. Next, we give an update on the latest development from Russia’s war… Read More »
Weekly Energy Update (July 14, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Since early June, oil prices have fallen significantly, breaking the psychologically important point of $100 per barrel. Technical support exists at $95 per barrel, so we will be watching to see if it holds. (Source: Barchart.com) Crude oil inventories rose 3.3 mb compared to… Read More »
Daily Comment (July 13, 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. Both sides remain in an operational pause, of sorts, but they continue to stage limited, localized attacks on each other. We next review a wide range of other international and U.S.… Read More »