Daily Comment

Daily Comment (October 30, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF It’s Friday, the last one in October; have a safe Halloween, everyone!  Equity markets are back in the red, despite impressive earnings from the large tech firms.  China starts our coverage; the plenum session is over, and the next five-year… Read More »

Daily Comment (October 29, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning.  It’s GDP day!  After two brutal down days, mostly driven by worsening infection rates and the lack of fiscal support, equity markets are trying to recover.  As expected, GDP had a historic recovery, up 33.1% (q/q% annualized).  This… Read More »

Daily Comment (October 28, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Before turning to the daily news, we want to note that our Asset Allocation Rebalance Chart Book for the fourth quarter is now available on Vimeo.  In this video, we review our asset allocation process, detail our quarterly portfolio adjustments,… Read More »

Daily Comment (October 27, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Before turning to the daily news, we want to mention that our latest Confluence of Ideas podcast is now available here.  This edition discusses our outlook for how U.S. foreign policy is likely to develop in the coming years depending… Read More »

Daily Comment (October 26, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF It’s Monday, the last week of October.  U.S. equity futures are weaker this morning.  A big reason has been a global resurgence of the virus.  It leads off our coverage this morning.  Next up is international news.  In this week’s… Read More »

Daily Comment (October 23, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Friday!  U.S. equity futures are modestly higher this morning.  The last presidential debate came and went; it was more orderly than the last one.  At this late date, we doubt it will have a significant effect… Read More »

Daily Comment (October 22, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning.  U.S. equity futures are a bit weaker as the financial markets continue to watch for some sort of fiscal action.  We start today’s coverage with policy news, including an update on the latest with the fiscal stimulus talks… Read More »

Daily Comment (October 21, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today again opens with coronavirus news, based on investors’ strong interest in negotiations over a possible new pandemic relief bill out of Congress.  The big news there is simply that the talks are continuing.  After the pandemic… Read More »

Daily Comment (October 20, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with the latest coronavirus news, given that optimism over a last-minute deal on pandemic relief legislation seems to be supporting the risk markets so far this morning.  As we note after the coronavirus section, however,… Read More »

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