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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

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Market-Driven Tools for Asset Allocation  Interest-Rate Outlook
The short rate, the long rate, and the Fed - 08/27/2025
No institution in the field of economics receives more attention than the Federal Reserve, thanks to the almost unquestioning belief in its powers. But in recent decades, the economy's growth and inflation rates are more closely related to changes in the long rate of interest than the short.
Market-Driven Tools for Asset Allocation  Economy Watch
To boost the economy of the poor, reduce income tax on the rich - 07/31/2025
It's an illusion to assume that the poor escape when income tax is paid by the rich on their behalf. The terms of trade between rich and poor are not set by government, but by market forces. And the burden of taxes is shifted across all income groups. Rough evidence indicates that, in effect, low income groups pay their full share of income tax.
Market-Driven Tools for Asset Allocation  Synopsis
Briefing Points on the Global Market Outlook - 07/23/2025
The intense level of uncertainty and geopolitical risk is consistently higher than for many years, partly because of conflict in Ukraine and the Middle East, and partly thanks to President Trump's pursuit of large tariff hikes on US imports. But overseas, the aggressive regimes of Russia and Iran are weakening in economic and military capability.

Get the stories behind the headlines! Contact HCWE & Co. at +1(978)468-4575
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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

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