Research & News
Daily Comment (February 1, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF We open today’s Comment with an update on the Russia-Ukraine crisis, where we see a glimmer of hope that war will be avoided (although anything can still happen). We next turn to a wide range of mostly policy-related U.S. developments. After that,… Read More »
Bi-Weekly Geopolitical Report – Two Power Plays in Kazakhstan (January 31, 2022)
by Patrick Fearon-Hernandez, CFA, and Bill O’Grady | PDF Don’t miss the accompanying Geopolitical Podcast, now available on our website and most podcast platforms: Apple | Spotify | Google Over the past month, unrest has developed in Kazakhstan. The unrest began as protests against rising fuel prices, but it soon blossomed into broader, more widespread,… Read More »
Daily Comment (January 31, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF In today’s Comment, we open with the latest developments in the Russia-Ukraine crisis, which will be discussed today at the United National Security Council meeting. We next turn to U.S. news, including a preview of this week’s confirmation hearing for economist Philip… Read More »
Daily Comment (January 28, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Today’s report begins with an update on the Ukraine situation, where tensions may be easing. We then look at U.S. economic and policy news and China-related stories. International news is next, and we conclude with our pandemic coverage. After weeks… Read More »
Daily Comment (January 27, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Today’s report begins with a discussion about the Federal Reserve meeting on Wednesday. Next, we discuss U.S. economics and policy news with an update on the Ukraine situation. We then turn to China-related stories. International news follows, and we end… Read More »
Weekly Energy Update (January 27, 2022)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Since troughing in early December, oil prices have been steadily rising due to tightening supplies. We are approaching the highs set in November. (Source: Barchart.com) Crude oil inventories unexpectedly rose 2.4 mb compared to a 1.0 mb build forecast. The SPR declined 1.3 mb,… Read More »
Daily Comment (January 26, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Today’s Comment opens with an update on the Russia-Ukraine crisis, in which the U.S. and its European allies are apparently coalescing around a set of sanctions and other actions to deter Russia from attacking. We next preview today’s Federal Reserve decision on… Read More »
Keller Quarterly (January 2022)
Letter to Investors | PDF As I write this letter, stock markets around the world have spent much of the last three weeks selling off sharply. After peaking on January 4, the S&P 500 has fallen over 12% from that high. This, after it returned over 28% last year (including dividends). In fact, most indices… Read More »