HCWE publications (PDFs) are available to clients and the public and can be accessed via the Archives menu option. Clients with active subscriptions can Sign In to access 'restricted' content (less than two years old) from the segments to which they subscribe. Clients may also request copies of publications by email at any time. Students, researchers and the public may freely access 'unrestricted' publications (more than two years old).
Important Message to Subsribers Regarding Email Delivery
Over 3500 HCWE publications are available online. You can view and print lists from this link:
See recent Webcasts on: 
Call: US 978-468-4575 or send us a message.
How to access PDFs from Adobe Cloud: Get Help
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. |
 R. David Ranson, |
Authorized users can view recent publications by signing in and visiting the Archives
 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 ] |
|
Tactical Asset Selector |
| The hidden ability of oil prices to foresee inflation - 06/20/2025 |
| It's easy to assume that inflation responds to the price of oil too quickly for forecasting to be possible. That's true if we consider only the contemporaneous positive correlation. But hidden in the data is a secondary and inverse correlation with a lead time of one to two years. From this forecasts are possible. |
|
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. |
|
The Political Economy in Perspective |
| June's oil-price jump: Was it thanks to Israel -- or Ukraine? - 06/30/2025 |
| The media are married to a narrative in which oil prices rise with the level of risk and decline when risk falls back. This is intuitive but upside down. Every now and again, as in early June, a major geopolitical event (Operation Spider Web) reveals the real story. |
|
Graphic Insights |
| Are some stock market styles more vulnerable or resilient than others? - 06/30/2025 |
| The stock market is very resilient. But different stock-market 'factors" or "styles" exhibit different degrees of resilience. Investors clearly need to determine where they can best shelter their assets, and resilience is a vital part of that. |
|
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
or send us a message.
Copyright © 2025 · All Rights Reserved · HCWE & Company 
