Markets Forecasting Markets

HCWE Publications

HCWE publications (PDFs) are available to clients and the public and can be accessed via the Archives menu option. Clients with active subscriptions can Sign In to access 'restricted' content (less than two years old) from the segments to which they subscribe. Clients may also request copies of publications by email at any time. Students, researchers and the public may access 'unrestricted' publications only (more than two years old).

See the following documents for recent and legacy publication lists:

Publication Highlights: Past month

Publications to date for current year: to Date

Legacy publications from 1992: Composite

Call: US 978-468-4575 or send us a message.

How to access PDFs from Adobe Cloud: Get Help

The Markets Message
"The forecasting power of the marketplace is rooted in the 'wisdom of crowds.' It's been recognized since early antiquity that inflation results from a fall in the value of a currency relative to precious metal."
Synopsis – 6/21
~ R. David Ranson, President
and Director of Research
HCWE & Co.

Publication Highlights as of July 1, 2021

Market-Driven Tools for Asset Allocation  Interest-Rate Outlook
How steep can the yield curve get?
The classic cause of inflation, to which economists within and outside the Fed are not paying attention, is currency depreciation. Bond yields may rise by another half point over the next couple of years.
Market-Driven Tools for Asset Allocation  Tactical Asset Selector
Beware: Advancing commodity prices are now driven by inflation, not growth
A commodity-market boom is an ambiguous signal for the stock market. If economic growth is responsible, it's favorable for stocks. If inflation is responsible, not so much. The current advance in commodities falls within the second category.
Market-Driven Tools for Asset Allocation  Fixed-Income Barometer
"Market forecasts" for the coming twelve months as of July 1, 2021
Market-Driven Tools for Asset Allocation  International Barometer
"Market forecasts" for the coming twelve months as of July 1, 2021
Market-Driven Tools for Asset Allocation  Synopsis
Briefing Points on the Global Market Outlook, June 2021
The forecasting power of the marketplace is rooted in the 'wisdom of crowds.' It's been recognized since early antiquity that inflation results from a fall in the value of a currency relative to precious metal.

HCWE In the News

Wainwright in the news
bullet New! Interview Josh Jalinski, Part II, The Financial Quarterback, WABC 5/7/2021 Watch
bullet New! Interview Josh Jalinski, Part I, The Financial Quarterback, WABC 5/7/2021 Watch
bullet Interview with Charles Heller, Podcast, Liberty Watch Radio, KVOI, Tucson 4/4/2021 Listen
bullet DOES GOVERNMENT “STIMULUS” REALLY STIMULATE?, The Beacon, Independent Institute, 3/30/2021 Read
bullet Will Higher Inflation Lift Bond Yields? Maybe Not, S. Constable, Forbes.com, 12/30/2020 Read
bullet How Did Forecasters Get the Pandemic Economy So Wrong?, The Beacon, Independent Institute, 12/1/2020 Read

[more]