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Market-driven tools for asset allocation and strategic investment
 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. |
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Authorized users can view recent publications by signing in and visiting the Archives
 Interest-Rate Outlook |
| Does it pay to buy bonds 'on the dips'? - 11/09/2023 |
| Some bond-market analysts believe that this year's selloff is overdone, and that a rebound is on the way. History does not support their optimism. |
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Economy Watch |
| The price of oil: how far to normalization? - 10/20/2023 |
| There is a simpler way to forecast the price of oil over the coming months, more powerful than any of the subjective methods in widespread use. The trick is to quantify what price would be in equilibrium with the capital markets at any given time. At present oil is more than 25 percent below that. |
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Fixed-Income Barometer |
| "Market forecasts" for the coming twelve months as of 11/30/2023 |
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Economic Barometer |
| "Market forecasts" for the coming twelve months as of 10/31/2023 |
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Emerging-Market Selector |
| "Market forecasts" for the coming twelve months as of 10/31/2023 |
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Sector Watch |
| "Market forecasts" for the coming twelve months as of 11/22/2023 |
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Synopsis |
| Briefing Points on the Economic and Market Outlook - 10/31/2023 |
| Evidence for output growth in the US is ambiguous. Global prospects for higher inflation have increased in the last few months, over both a longer-term and a shorter-term horizon. First, the US dollar has accelerated its rate of depreciation relative to gold priced in distant forward markets, the most stable of all monetary standards. Second, the price ratio between crude oil and forward gold is substantially below its historical norm, and has begun to close the gap. |
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HCWE Webcast |
| The Predictable Normalization of Energy Prices - 11/30/2023 |
| Conventional methods find the price of crude oil almost unforecastable. But there is another way. Oil contains a lasting and systematic element of predictability that is obscured by its sometimes violent volatility. The oil price is constantly being pulled back toward an equilibrium or norm relative to the dollar price of gold. At present that norm for WTI is in the neighborhood of $120 a barrel. |
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