Daily Comment

Daily Comment (February 27, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Global equity markets are down again due to the continued spread of COVID-19.  U.S. futures are down this morning.  We update the latest on the virus, including some thoughts about the Fed’s reaction function.  Despite everything, U.S. housing data is looking remarkably… Read More »

Daily Comment (February 26, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Global equity markets continue under pressure this morning, despite rumors that some Asian “national teams” are trying to support the market.  U.S. equity futures are trying to stabilize.  We update the COVID-19 news, along with an update on Brexit.  Here are the… Read More »

Daily Comment (February 25, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] After a deep selloff yesterday, equity markets around the world are mixed.  We are seeing some retreat in the flight-to-safety assets after a massive rally yesterday in gold and Treasuries.  As usual, we update news on the COVID-19.  The president wraps up… Read More »

Daily Comment (February 24, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s “red Monday” – global equities are taking a hit as the COVID-19 virus is starting to look like a global pandemic.  Risk assets are down around the world while most risk-off assets, gold and Treasuries, are rallying.  We cover three elections… Read More »

Daily Comment (February 21, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s Friday!  Virus worries lead to mixed equity markets but a distinct element of worry—gold—continues to move higher despite dollar strength.  Treasury yields continue to fall.  However, the other flight-to-safety asset, the JPY, has failed to rally this time on fears of… Read More »

Daily Comment (February 20, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Global equities are mixed this morning with U.S. equity futures taking a breather.  We update the COVID-19 news.  The Fed is warming up to the economy.  U.K. changes immigration rules.  A new DNI.  The president is off to India.  Trouble in Argentina. … Read More »

Daily Comment (February 19, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] World equity markets have mostly shrugged off yesterday’s weakness and continue to focus on the post COVID-19 world; doses of additional stimulus aren’t hurting either.  The Fed releases its minutes from the last meeting today.  Here are the details: COVID-19:  The number… Read More »

Daily Comment (February 18, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Welcome back!  Equities are under pressure due to Apple (APPL, 324.95) news.  The U.K. rejects the EU trade agreement proposals as it appears Britain is ramping up fiscal spending.  The Netherlands threatens the EU/Canada trade deal.  We’re seeing rising tensions over the… Read More »

Daily Comment (February 14, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy Friday and St. Valentines Day!  It’s rather quiet in the financial markets, with bonds doing well and equities grinding higher.  We update news on COVID-19.  There is unrest in Colombia, and more legal action on Huawei (002502, CNY 2.61).  We have… Read More »

Daily Comment (February 13, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] After a steady rise, equities are lower this morning following a jump in reported infections; we update news on COVID-19.  The nominating process for the remaining two vacant governor positions begins today.  PM Johnson shakes up his cabinet.  The CDU/CSU begins the… Read More »

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