Daily Comment

Daily Comment (April 20, 2018)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It was a mostly quiet overnight session.  Here is what we are watching this morning: Policy talk boosts greenback: Dovish comments from the ECB and BOE have lifted the dollar this morning.  The ECB is considering delaying the path of tapering due to recent economic weakness… Read More »

Daily Comment (April 19, 2018)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Castro era coming to an end: Today, Raul Castro, brother of Fidel Castro, is expected to step down as Cuba’s president. Castro will be replaced by his vice president, Miguel Diaz-Canel Bermudez, but will still retain his role as head of the Communist Party until… Read More »

Daily Comment (April 18, 2018)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Equity markets are quietly ticking higher.  Earnings remain strong.  Although there wasn’t much market news, there was a great deal of other news.  Here is what we are watching: Pompeo to Pyongyang: Over Easter, CIA Director and SOS nominee Mike Pompeo was dispatched to North Korea… Read More »

Daily Comment (April 17, 2018)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It was mostly quiet overnight.  Continued robust earnings are lifting equities this morning.  Here is what we are watching: Abe to Florida: Japanese PM Abe will meet today with President Trump at Mar-a-Lago.  The meetings come at a difficult time for Japan.  Abe is facing domestic… Read More »

Daily Comment (April 16, 2018)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s relief Monday!  There was an attack on Syria but it was quite limited.  Equities have moved higher, Treasury yields have lifted, oil prices have dipped and the dollar is lower.  This is what we are watching this morning: Parsing Syria: Late Friday, the U.S., U.K.… Read More »

Daily Comment (April 13, 2018)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] U.S. equities are rising this morning as earnings season begins.  As our numbers above indicate, earnings are expected to be robust and the releases this morning confirm that outlook.  Here is what we are watching: Return to TPP?  All presidents learn on the job; there really… Read More »

Daily Comment (April 12, 2018)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It was a fairly quiet overnight session; the dollar reversed some of yesterday’s losses and equities are modestly higher.  This is what we are watching: Ryan’s departure: Soon after last November’s elections, we framed the forthcoming political battle as “Ryan vs. Bannon.”  Now, both are gone. … Read More »

Daily Comment (April 11, 2018)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s risk-off today; risk markets are lower on a swirl of issues that are weighing on sentiment.  Here is what we are watching: Action on Syria: The president tweeted this morning, warning Syria and Russia that the U.S. is preparing an attack on Syria for its… Read More »

Daily Comment (April 10, 2018)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Risk-on is the order of the day.  Here’s what’s driving it: Xi talks: Chairman Xi spoke at the Boao Forum yesterday evening and made promises to open China’s market to foreign investment and lower export impediments.  He indicated that auto tariffs will be lowered.  The tone… Read More »

Daily Comment (April 9, 2018)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] There is a whiff of “risk-on” this morning, with global equities higher while “risk-off” assets, such as gold and Treasuries, are lower.  Presidential tweets were relatively calm over the weekend.  Here is what we are watching this morning: Social media to Capitol Hill: Facebook (FB, 157.20)… Read More »

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