Research & News
Daily Comment (June 30, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment will start with a discussion about remarks made by central bank officials during the ECB forum. Next, the reports will provide the latest update on the Russia-Ukraine war. Afterward, we provide a summary of international news from China,… Read More »
Weekly Energy Update (June 30, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF (N.B.=> due to Independence Day, the next report will be issued on July 14.) The DOE has resolved its systems issues and released weekly data for 6/17/22 and 6/24/22. We update the data below. After a sharp correction on recession worries, crude oil prices… Read More »
Daily Comment (June 29, 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. We next review other international and U.S. developments with the potential to affect the financial markets today. We wrap up with the latest news on the coronavirus pandemic. Note: Because COVID-19… Read More »
Daily Comment (June 28, 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, including a discussion regarding the actions taken against Russia by leaders at the Group of Seven summit, which ended today. We next review other international and U.S. developments with the potential to… Read More »
Daily Comment (June 27, 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. New sanctions are being discussed by Western leaders. We next review other international and U.S. developments with the potential to affect the financial markets today, including multiple items relating to China. … Read More »
Asset Allocation Bi-Weekly – The Selling of Austerity (June 27, 2022)
by the Asset Allocation Committee | PDF Politics is the art of the possible… — Otto Von Bismarck Although there have been attempts to treat it as a science (hence the study of political science), the necessary art of politics is to convince people to accept policies that may be contrary to their best interest. … Read More »
Daily Comment (June 24, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning. Today’s Comment starts with an overview of Federal Reserve Chair Jerome Powell’s testimony to the House Financial Services Committee. Next, we provide an update on the latest developments regarding the Russian invasion of Ukraine. Afterward, we briefly discuss the rise… Read More »
Weekly Energy Update (June 24, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Crude oil prices continue to rise in an orderly fashion. (Source: Barchart.com) Crude oil inventories rose 2.0 mb compared to a 2.0 mb draw forecast. The SPR declined 7.7 mb, meaning the net draw was 5.8 mb. In the details, U.S. crude oil production… Read More »