Daily Comment
Daily Comment (May 20, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Today’s U.S. market strength stems in part from earnings reports showing many companies have been able to adjust relatively well to the coronavirus challenges, albeit with higher costs. Adding to the positive vibe is news that all 50 states have now relaxed… Read More »
Daily Comment (May 19, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] The generally positive trend in risk markets today comes as coronavirus restrictions continue to be lifted around the world and scientists continue to make progress in understanding the virus, coming up with treatments and developing vaccines. We review all the key news… Read More »
Daily Comment (May 18, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and happy Monday! Equity markets are on a tear this morning, and oil is also higher. Reports that vaccine trials are going well are boosting stocks. There wasn’t much news on China overnight, which probably accounts for some of the… Read More »
Daily Comment (May 15, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and happy Friday! Equity markets are weaker after a rather robust recovery yesterday. Trade worries appear to be a problem. We update the COVID-19 news. Retail sales are out this morning—details below. Here is what we are watching: COVID-19: The… Read More »
Daily Comment (May 14, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning! Equity markets continue under pressure this morning. We update the COVID-19 news. The Weekly Energy Update is available. Here are the details: COVID-19: The number of reported cases is 4,364,172 with 297,491 deaths and 1,418,656 recoveries. In the U.S., there… Read More »
Daily Comment (May 13, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] The general rise in today’s markets comes as multiple countries and states continue to ease their coronavirus restrictions and Democrats in the House released their proposal for another round of fiscal relief, but optimism remains tempered by health officials’ warnings against easing… Read More »
Daily Comment (May 12, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Investors today continue to focus on pandemic lockdowns being eased around the world, including the reopening of schools in much of Europe, but a bit of caution is rising as some countries and localities are seeing a rebound in cases. As always,… Read More »
Daily Comment (May 11, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and happy Monday! Given the news flow of recent weeks, it was rather quiet overnight. Risk markets are lower this morning. We update the COVID-19 news. Here are the details: COVID-19: The number of reported cases is 4,122,173 with 283,001… Read More »
Daily Comment (May 8, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and happy Friday! Global risk markets are rising at the same time Treasury yields are falling. It’s employment Friday; we cover the data below but, suffice it to say, it’s historic and not in a good way. We update the… Read More »