Research & News
Weekly Geopolitical Report – Afghanistan, Part III: Russia and Central Asia (September 27, 2021)
by Patrick Fearon-Hernandez, CFA | PDF In Part I of this report, we reviewed the history of Afghanistan and why great powers have fought over it for centuries. In Part II, last week, we examined how the United States exit from Afghanistan will affect Pakistan, India, and Iran. This week, our focus is on how… Read More »
Asset Allocation Weekly – The Supply Side Worry on Inflation (September 24, 2021)
by the Asset Allocation Committee | PDF In the 1970s, the U.S. had a serious inflation problem. By the end of the decade, it had become the most critical economic policy issue. Although inflation can be a complicated topic, one way of simplifying it is to see it through the intersection of aggregate supply and… Read More »
Weekly Energy Update (September 23, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Prices continue to hold above $70 per barrel. (Source: Barchart.com) Crude oil inventories fell 3.5 mb compared to the 2.8 mb draw forecast. The SPR declined 1.2 mb, meaning the net draw was 4.7 mb. In the details, U.S. crude oil production rose 0.5… Read More »
Weekly Geopolitical Report – Afghanistan, Part II: Pakistan, India, and Iran (September 20, 2021)
by Bill O’Grady | PDF Afghanistan is a landlocked nation that sits at the crossroads of central Asia. As our history noted last week, it was part of the “Great Game” in the 18th and 19th centuries when imperial powers Russia and Britain vied for control of the region. It continued to hold that role… Read More »
Asset Allocation Weekly – Don’t Call It a Comeback! (September 17, 2021)
by the Asset Allocation Committee | PDF Last week, the federal government’s enhanced unemployment benefits of up to $300 per week expired nationwide. It has been speculated that the end of these benefits could lead to a surge of new entrants into the labor market. However, data from the Bureau of Labor Statistics (BLS) suggests… Read More »
Weekly Energy Update (September 16, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Prices moved above $70 per barrel. (Source: Barchart.com) Crude oil inventories fell 6.4 mb compared to the 3.6 mb draw forecast. The SPR declined 0.5 mb, meaning the net draw was 6.9 mb. In the details, U.S. crude oil production rose 0.1 mbpd to… Read More »
Weekly Geopolitical Report – Afghanistan, Part I: History (September 13, 2021)
by Bill O’Grady | PDF The American exit from Afghanistan has created a crisis in the region. For two decades, the U.S. has propped up a government in Kabul. The U.S. withdrawal has led to the rapid collapse of that government and the restoration of the Taliban. The media has been closely tracking the situation… Read More »