Daily Comment
Daily Comment (May 6, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Today’s positive market action comes as state governments and countries around the globe continue to ease their coronavirus restrictions. Besides that, it’s also VE Day, and the beginning of National Nurses Week! We review all the virus news below, along with a… Read More »
Daily Comment (May 5, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] The risk-on tenor in the markets today reflects continued scientific progress against the coronavirus and further lockdown easing across the globe, although there are also worries that the easing might come too fast and spark a second wave of infections. Below, we… Read More »
Daily Comment (May 4, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning! It’s employment week; we are expecting a very weak report for April, with the unemployment rate in the 16% area. Equity futures are lower. We update the COVID-19 news. Here are the details: COVID-19: The number of reported cases is… Read More »
Daily Comment (May 1, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning, happy Friday and happy May Day, the international celebration of Labor Day. Most European financial markets will be closed, although Denmark and the U.K. remain open. Equity futures are lower as tensions with China rise, while oil is rallying again. … Read More »
Daily Comment (April 30, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning as another month, that feels like a year, comes to a close. Just a reminder—tomorrow is May Day, the international celebration of Labor Day. Most European financial markets will be closed, although Denmark and the U.K. will remain open. The… Read More »
Daily Comment (April 29, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] The uptick in the markets today comes as coronavirus lockdowns continue to be softened around the world and several drug groups say they could have a COVID-19 vaccine within months. The Fed ends its latest policy meeting today. Overseas, it’s still a… Read More »
Daily Comment (April 28, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Market sentiment continues to get a boost from the fact that many foreign governments and various U.S. states are easing their coronavirus restrictions. As always, we review all the latest virus news below. We also provide an update on the continued mystery… Read More »
Daily Comment (April 27, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and happy Monday! It’s central bank week; the BOJ has spoken, while the Fed and ECB meet later this week. Equity futures are pointing to another higher opening and there are widespread reports of nations easing social distancing measures. Oil… Read More »
Daily Comment (April 24, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning! Equity futures are pointing to a modestly higher opening; oil prices are also higher. We update the COVID-19 news. Here are the details: COVID-19: The number of reported cases is 2,721,354 with 191,231 deaths and 745,605 recoveries. In the U.S.,… Read More »