Daily Comment
Daily Comment (July 22, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, all! U.S. equity futures were higher, and long-duration interest rates were rising overnight, but comments from the ECB (see below) have pushed equity futures into the red and have lifted bond prices. We are also seeing lots of… Read More »
Daily Comment (July 21, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF In today’s Comment, we begin with a preview of today’s procedural vote in the Senate on the bipartisan “hard” infrastructure bill. We follow that with a range of U.S. and international news, focusing on the increasing regulatory risks facing the… Read More »
Daily Comment (July 20, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF In today’s Comment, we open with new threats to regulate cryptocurrency-related assets. Coupled with the surging concerns about the new Delta mutation that pushed down prices for a variety of assets yesterday, the new regulatory threat helped push down cryptocurrency… Read More »
Daily Comment (July 19, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. U.S. equity futures continue to trend lower this morning. A resurgence in COVID-19 infections and worries about the economy and inflation have weakened investor sentiment. Oil prices are sharply lower this morning, and bond yields are falling as… Read More »
Daily Comment (July 16, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, all! U.S. equities appear to be headed for a higher open this morning. The overnight news was rather quiet. Our report begins with international news and discussions about rising tensions between Poland and the EU, Iranian hackers targeting… Read More »
Daily Comment (July 15, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. There are two meetings of note this morning. First, President Biden meets with Chancellor Merkel for her last official visit before she leaves office in September. Expect lots of warm comments, but the obvious drift in policy between… Read More »
Daily Comment (July 14, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We open today’s Comment with news that Democrats have agreed that their “soft” infrastructure plan will total some $3.5 trillion in spending, though details still need to be worked out, and the proposal will face tough sledding in Congress. Next,… Read More »
Daily Comment (July 13, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF In today’s Comment, we begin with the latest developments regarding the infrastructure spending bills making their way through Congress and the outlook for the Federal Reserve’s monetary policy. We next review the latest signs of U.S.-China economic decoupling and geopolitical… Read More »
Daily Comment (July 12, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. The All-Star break is upon us, the unofficial marking of midsummer. U.S. equity futures are mixed this morning, with the S&P 500 lower but the NASDAQ higher. Another heat dome has emerged for the western third of the… Read More »