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
"Forecasters generally failed to anticipate the speed of the rebound in national output and spending -- by a mile. Financial-market prices are returning to where they were as the year began. "
Client Webcast Summary – 9/20
~ R. David Ranson, President
and Director of Research
HCWE & Co.

Publication Highlights as of October 1, 2020

Market-Driven Tools for Asset Allocation  Interest-Rate Outlook
The Fed's crumbling commitment to stable inflation
The message in the Fed's August adjustment in monetary policy is not the one it intended to convey. It is that none of the instruments in its toolbox have proved capable of keeping inflation at or near target.
Market-Driven Tools for Asset Allocation  Economic and Investment Observations
The economy's hidden resilience
The greatest gift that public policy could confer on the economy is resilience. Instead, policies are focused on relief, and that is never enough. And, there comes a point at which relief hurts resilience and encourages dependence.
Market-Driven Tools for Asset Allocation  Economic Barometer
"Market forecasts" for the coming twelve months as of October 1, 2020
Market-Driven Tools for Asset Allocation  Equity-Market Barometer
"Market forecasts" for the coming twelve months as of October 1, 2020
Market-Driven Tools for Asset Allocation  Client Webcast Summary
Output and Capital Markets Returning to the Status Quo
Forecasters generally failed to anticipate the speed of the rebound in national output and spending -- by a mile. Financial-market prices are returning to where they were as the year began.

HCWE In the News

Wainwright in the news
bullet New! Resilient US Economy Has Overcome the COVID-19 Recession, David Ranson, Independent Institute, October 9, 2020 Read
bullet New! Why investors might buy negative-yielding debt — Simon Constable, Mint Newsletters, October 5, 2020 Read
bullet Letting Inflation Rip Higher is Deeply Flawed — Simon Constable, Aier.org, 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

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