Daily Comment
Daily Comment (July 30, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF It’s GDP day! It has been well forecast for months that Q2 GDP would be an epic negative. It turned out to be bad, but not as bad as expected. GDP fell 32.9% on an annualized basis compared to expectations… Read More »
Daily Comment (July 29, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Investors today are hoping for more clarity on future monetary policy after the Federal Reserve finishes its latest policy meeting. Also in Washington, top tech firm executives are being grilled remotely by a House antitrust committee regarding the market dominance… Read More »
Daily Comment (July 28, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Even if the U.S. opening is looking a bit soft today, investors should be encouraged by an apparent stabilization in new U.S. coronavirus cases and the release (after considerable delay) of Senate Republicans’ proposal for a new coronavirus relief bill. … Read More »
Daily Comment (July 27, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Happy Monday! Baseball is back, and the NHL and NBA are close as well. Our friends on the Texas coast had to cope with Hurricane Hanna over the weekend. Equity markets are moving higher, the dollar is softening and the… Read More »
Daily Comment (July 24, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Happy Friday! This Friday is starting with a risk-off tone. Worries about the economy after the rise in claims yesterday and rising tensions with China are affecting sentiment. But the overarching worry is that Congress will fail to deliver another… Read More »
Daily Comment (July 23, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF U.S. equity markets continue to tick higher, buoyed by expectations of continued stimulus. The stronger EUR is lifting European stocks, while Chinese equities fell on U.S./China tensions. Relations with China continue to deteriorate; that’s our lead-off story this morning. We… Read More »
Daily Comment (July 22, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Global financial markets are facing some headwinds today from new U.S.-China tensions and signs that the negotiations over the next U.S. coronavirus relief bill may be tougher than previously expected. We review all the key news below. United States-China: Following… Read More »
Daily Comment (July 21, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF A new Confluence of Ideas podcast episode is available, titled “The 2020 Election: Part 3.” This is the final episode looking at the 2020 election. In this episode, we handicap the election based on the tools of prediction, polling and… Read More »
Daily Comment (July 20, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! Equity markets are mixed; the U.S. is modestly lower, while Chinese markets jumped on reports that insurance companies will be able to hold more stocks. Foreign news leads today’s report as the EU was unable… Read More »