Daily Comment
Daily Comment (November 12, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! U.S. equity futures are a bit lower this morning. Tropical Storm Eta is hitting Jacksonville, FL, today and is on its way up the Southern Atlantic Seaboard this weekend. Although TS Theta won’t get anywhere near the U.S.,… Read More »
Daily Comment (November 11, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with the latest news on the U.S. presidential transition and yesterday’s Supreme Court hearings on the Affordable Care Act. We follow that with some unfriendly market news out of China and various other international developments,… Read More »
Daily Comment (November 10, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with the latest developments in the post-election political and legal maneuvering. Naturally, we follow that with a discussion of coronavirus news and what to expect after yesterday’s blockbuster announcement regarding the vaccine development by Pfizer… Read More »
Daily Comment (November 9, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and Happy Monday! Global equity markets are on a tear this morning; we are seeing a spike in interest rates, a drop in gold prices, and a surge in oil prices. All this looks like a trade based… Read More »
Daily Comment (November 6, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and Happy Friday! Equity markets are taking a breather this morning, lower after a strong and volatile week. It’s employment day; we cover the data in detail below, but the quick read is that it came in much… Read More »
Daily Comment (November 5, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. Equity markets continue to rally and lead off our coverage this morning. The winter surge in COVID-19 continues to gather pace and comes next in today’s commentary. Central banks are batting third—the FOMC meeting concludes today, and the… Read More »
Daily Comment (November 4, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with the latest on the U.S. election situation, including a detailed recap of market action in the key asset classes overnight. Believe it or not, there has also been news overseas while we’ve all been… Read More »
Daily Comment (November 3, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with what we know about the U.S. elections so far (naturally, it’s very little). We also review a few key news items from overseas, including a terrorist attack in Vienna. We wrap up with the… Read More »
Daily Comment (November 2, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday. It’s November, we have switched to standard time in much of the country, and tomorrow is election day. Super Typhoon Goni passed through the Philippines over the weekend. Global equities are higher this morning. We… Read More »