Daily Comment
Daily Comment (January 22, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Davos continues, impeachment dominates the news (but has no discernable impact on financial markets) and we continue to monitor the coronavirus. Lebanon gets a new government, Norway’s fails and Italy’s might be close to failing. Here is what we are watching this… Read More »
Daily Comment (January 21, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s Davos week! World leaders in politics, business, academia and media are all gathering in Davos, Switzerland. Your Daily Comment team is skipping the event this year, remaining in picturesque downtown Webster Groves instead. It’s a risk-off market this morning as the… Read More »
Daily Comment (January 17, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy Friday! Equity markets continue to grind steadily higher to new record levels. The White House officially nominated the two last open governor positions on the FOMC. An update on the Iran missile attack and other Iran issues. Germany is holding a… Read More »
Daily Comment (January 16, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Good morning! Equity markets continue to grind steadily higher; in fact, it’s the third longest streak since 1995 of the major indices not moving more than 1% in either direction. Why? Our quick take is that we are seeing the combination of… Read More »
Daily Comment (January 15, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Good morning! It was a very quiet overnight session as markets await the signing of the Phase One deal with China. Here is what we are watching this morning: BREAKING: Russian PM Medvedev resigned this morning along with the entire Russian government. … Read More »
Daily Comment (January 14, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Markets are quiet this morning as earnings season begins. Trade is the biggest headline, as the U.S. and China are expected to sign a deal tomorrow. Here is what we are watching this morning: Trade: First, the U.S. and China are expected… Read More »
Daily Comment (January 13, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy Monday! Much of the U.S. is digging out of wintry weekend weather. Equities continue their grind higher. Tensions in Iran soar after the government admitted it accidently downed a Ukrainian airliner. The DPP wins big in Taiwan. The U.S./China trade deal… Read More »
Daily Comment (January 10, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy employment day Friday! We cover the data in detail below, but the quick take is that the data is a bit soft as nonfarm payrolls rose by only 145k, less than the 165k forecast. The big news was a plunge in… Read More »
Daily Comment (January 9, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Financial markets are taking on a clear risk-on bias; equities continue to lift, bonds, gold and oil are struggling. Here are the details: Ceasefire: As we noted yesterday, Iran launched missiles against U.S. bases in Iraq. The attack was a mere pinprick,… Read More »