Daily Comment

Daily Comment (March 22, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Good morning! Equity markets are mixed today following weak manufacturing data in Europe and the president’s hints that a trade deal with China is close to fruition. Below are the stories we are currently monitoring: Brexit extension: On Thursday, the Financial Times reported that the… Read More »

Daily Comment (March 21, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Bond yields continue to decline while equities come under pressure.  Here is what we are watching this morning: The FOMC: A dovish outcome was expected and the Fed delivered.  First, the dots plot was lowered, projecting no rate changes this year and only one more… Read More »

Daily Comment (March 20, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Fed Day!  The FOMC finishes its meeting today.  Other than that, markets are very quiet.  Here is what we are watching this morning: The FOMC: As we noted on Monday, the financial markets have the Fed on hold for the foreseeable future.  This is… Read More »

Daily Comment (March 19, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Financial markets are broadly higher this morning; the only exception is the dollar, which is coming under some modest pressure.  Other than that, it’s a very quiet morning as we await the Fed.  Here is what we are watching this morning: Brexit: PM May was… Read More »

Daily Comment (March 18, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s a modest risk-on day on this Monday in late winter.  Here is what we are watching this morning: Fed meeting: As noted last week, the FOMC meets this week.  Although there are hopes that the Fed may set the terminal level for the balance… Read More »

Daily Comment (March 15, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Ides of March Friday!  The National Party Congress (NPC) ended in China and New Zealand is reeling from a mass shooting.  U.S. equity futures are higher.  Here is what we are watching this morning: The National Party Congress: Unlike previous events, this one was… Read More »

Daily Comment (March 14, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Pi Day![1]  It’s a very quiet day so far this morning.  U.S. equity futures are modestly lower.  Here is what we are watching: Brexit: As expected, MPs voted to avoid a no-deal Brexit, despite an 11th hour plea from the PM to vote against… Read More »

Daily Comment (March 13, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] U.S. equity futures are modestly higher this morning in a quiet news environment.  Here is what we are watching this morning: Brexit: As expected, PM May’s plan failed again;[1] although the vote was closer this time, it was nowhere close to passing.[2]  Today, Parliament votes… Read More »

Daily Comment (March 12, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] U.S. equity futures are flat this morning after a strong run yesterday.  Here is what we are watching this morning: Brexit: In an 11th hour attempt to seal a deal,[1] PM May and EU Commissioner Juncker offered statements to clarify and ease the Irish backstop… Read More »

Daily Comment (March 11, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Equity futures are mostly higher this morning, although Dow futures are lower on the Ethiopian airlines crash.[1]  Here is what we are watching this morning: Chinese trade: It appears the trade summit between China and the U.S. will likely be delayed, probably into April.[2]  There… Read More »

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