Markets Forecasting Markets

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Market-driven tools for asset allocation and strategic investment


The Markets Message

HCWE supports the institutional investment community in formulating investment strategies through intelligent use of market data and superior understanding of how markets have behaved over time. Markets forecast Markets!

With many decades in the business of capital-market analysis and reporting, HCWE remains one of the most dependable resources for innovative research designed specifically for the institutional investor.

We distribute our research findings in a variety of periodic reports with telephone and video conferences and occasional on-site briefings.

Find out how HCWE Insight can work for you. Contact us at: +1(978)468-4575 or send us a message.

R. David Ranson,
President and
Director of Research,
HCWE & Co.


Highlights from Recent Publications

Authorized users can view recent publications by signing in and visiting the Archives

Market-Driven Tools for Asset Allocation  Junk-Bond MarketCast
A Market-based Forecast of Forthcoming Junk-bond Performance - 10/22/2025
12 months forward from the end of September 2025
Market-Driven Tools for Asset Allocation  S&P Marketcast
A Market-based Forecast of Forthcoming Change in Stock-Market Performance - 09/20/2025
Prospective market performance is not quite as strong as it was three months ago.
Market-Driven Tools for Asset Allocation  Economic and Investment Observations
Why the Fed's rate cuts will be fruitless - 09/30/2025
The world has changed drastically since Fed strategy began to be crafted in the early post-war years. If today the Fed still enjoyed the economic powers that its doctrine claims, the historical record would look very different than it does.
Market-Driven Tools for Asset Allocation  Graphic Insights
Well- and poorly-understood consequences of US tariffs - 09/30/2025
Ample historical US tariff data exist to make it possible to estimate the impact of an increase in US tariff rates on real GDP, equity prices, interest rates, and inflation. The impact on inflation has benn negative.
Market-Driven Tools for Asset Allocation  Synopsis
Briefing Points on the Global Market Outlook - 10/31/2025
The level of uncertainty and geopolitical risk has intensified further. Counter-intuitively, this is the message of depressed oil prices. US economic growth has surprised many while growth in Europe continues to be disappointing.

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HCWE In the News

Wainwright in the news
bullet New! Think Inflation Is Cooling? Think Again. Randall W. Forsyth, Barrons.com, May 18, 2024 Read
bullet Dr. David Ranson's 2024 Financial Forecast, The Financial Quarterback, YouTube 2/10/2024 Play
bullet Taming the Inflation Beast, S. Constable, Briefings, Jan-Feb, 2024 Read
bullet What's Really Driving Inflation? It Ain't The Federal Reserve, S. Constable, Forbes.com, 8/28/23 Read
bullet What G.D.P.'s Cousin Can Tell Us About the Economy, P. Coy, New York Times, 8/8/23 Read
bullet How The Government Is Making The Silicon Valley Bank Crisis Worse, S. Constable, Forbes.com, 4/23/23 Read
bullet Why It's So Hard to Stop Inflation, Virtual Presentation, CFA Switzarland, 2/9/2023 Watch
bullet Norm Reversion for Oil Indicates Less-Than-Transitory Inflation, Opinion, Real Clear Markets, 3/6/2023 Read
bullet The Fed's Dim Chances - Podcast, The Independent Research Forum, 1/30/2023 [Play]
bullet Will Federal Reserve Rate Hikes Pull Down Inflation?, S. Constable, Forbes.com, 12/27/2022 Read
bullet Recession Still Nowhere To Be Seen, S. Constable, Forbes.com, 12/19/2022 Read
bullet Inflation Is About the Quality of Money, Not Quantity, David Ranson, Barron's - Economy & Policy, 11/25/22 Read

[more]