Markets Forecasting Markets

HCWE Publications

HCWE publications are available to clients and the public. Clients may request copies of all publications at any time. Students, researchers and the public may access legacy publication (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: 2020

Legacy publications from 1992: Composite

Call: US 978-468-4575

The Markets Message
"Bond markets remain closely tied to expected inflation, and therefore to currency markets. That may be why Treasury yields have been rising in recent months while eurozone bond yields have continued to decline."
Interest-Rate Outlook – 12/20
~ R. David Ranson, President
and Director of Research
HCWE & Co.

Publication Highlights as of January 1, 2021

Market-Driven Tools for Asset Allocation  Interest-Rate Outlook
Even when very low, inflation still drives bond yields
Bond markets remain closely tied to expected inflation, and therefore to currency markets. That may be why Treasury yields have been rising in recent months while eurozone bond yields have continued to decline.
Market-Driven Tools for Asset Allocation  Fixed-Income Barometer
"Market forecasts" for the coming twelve months as of January 1, 2021
Market-Driven Tools for Asset Allocation  International Barometer
"Market forecasts" for the coming twelve months as of January 1, 2021
Market-Driven Tools for Asset Allocation  Synopsis
Briefing Points on the Global Market Outlook, December 2020
The bull market in stocks and the US economic expansion were not ended, but merely interrupted, by the pandemic.

HCWE In the News

Wainwright in the news
bullet How Did Forecasters Get the Pandemic Economy So Wrong?, The Beacon, Independent Institute, , 12/1/2020 Read
bullet Resilient US Economy Has Overcome the COVID-19 Recession, Independent Institute, , 10/9/2020 Read
bullet Five reasons why investors might buy negative-yielding debt — Simon Constable, Aier.com, 10/5/2020 Read
bullet Letting Inflation Rip Higher is Deeply Flawed — Simon Constable, Aier.com, September 8, 2020 Read
bullet Gold Funds Fell ... Despite Coronavirus — Simon Constable, WSJ.com, April 5, 2020 Read
bullet Interview with Graham Walker, Independent Institute, April 24, 2020 View
bullet A Pandemic Is Not a Recession — R. D. Ranson, Independent Institute, April 14, 2020 Read
bullet Why You Shoudn't Count on an Economic Boom This Election Year — Randall Forsyth, Barron's, January 24, 2019 Read
[more]