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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  The Capitalist Perspective
Tariffs are bad for growth, but the income tax could be worse - 05/21/2025
One of the classic obligations of government is to limit the economic harm done by taxation. This is not a prescription for trade without tariffs. It calls for balancing multiple sources of revenue, each taxed at a low rate. Read the most recent Capitalist Perspective now without charge. [ Read ]
Market-Driven Tools for Asset Allocation  Tactical Asset Selector
How oil prices help to anticipate asset-class performance - 04/30/2025
The link between stock prices and crude oil one year in the past is mirrored by other risky assets such as junk bonds and even commodities. The common factor is real GDP growth.
Market-Driven Tools for Asset Allocation  Economic and Investment Observations
Contrary to belief, tariffs are domestically deflationary - 05/31/2025
Any political or economic factor that pushes up the dollar in terms of other currencies will tend to be deflationary. One such factor is tariffs, despite their price impact on targeted goods and services.
Market-Driven Tools for Asset Allocation  Economy Watch
The falling dollar, tariffs, and the trade deficit - 04/24/2025
The likelihood of permanently higher import tariffs starts a chain of events leading to a reduced trade deficit. But along the way much damage is done to the dollar, inflation, domestic investment and growth.
Market-Driven Tools for Asset Allocation  Synopsis
Briefing Points on the Economic and Market Outlook - 04/30/2025
The radical economic policies of the Trump administration insert many uncertainties into the economic and capital-market picture. Inflation continues to be held down by depressed oil prices which, in turn, are partly a symptom of elevated geopolitical risk.
Market-Driven Tools for Asset Allocation  HCWE Webcast
The Influence of Tariffs on the Economy and the Trade Deficit - 05/31/2025
Historically, there has been a consistent connection between increased US tariffs and a narrower trade deficit. The main path through which it runs entails a reduced rate of economic growth. That same outcome is reached by a second path which involves reduced inflation and, since the 1970s, an appreciating dollar.

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

[more]