Daily Comment
Daily Comment (November 15, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with new impediments to U.S. investments in China. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including the latest on the Israel-Hamas conflict, new signs… Read More »
Daily Comment (November 14, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with new data suggesting Russia is now almost completely getting around the West’s $60 price cap on its oil exports, potentially setting up new Western efforts to clamp down. We next review a wide range of other international… Read More »
Daily Comment (November 13, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with the latest on the West’s slowing demand for electric vehicles. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including an easing of data regulations… Read More »
Daily Comment (November 10, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Gold has retreated on Powell’s monetary policy comments, and the National Women’s Soccer League has signed major TV deals. Today’s Comment begins with our thoughts on declining demand for U.S. government bonds. We then discuss the impact of geopolitical competition… Read More »
Daily Comment (November 9, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning! Equity markets are treading cautiously ahead of Fed Chair Jerome Powell’s speech, while Real Madrid advances to the Champions League knockout stages for the 27th consecutive year. Today’s Comment begins with why investors should remain cautiously optimistic about the shift… Read More »
Daily Comment (November 8, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning. Equity markets are mostly treading water this morning, and Chair Powell will speak later today. Interest rates are also mostly steady, but commodities are mixed as oil and gold are lower while grains are higher. In today’s Comment, we start… Read More »
Daily Comment (November 7, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Good morning. It’s a risk-off day in the markets. As we noted above, global equities are mostly lower. Commodities are weaker as well on fears of weaker economic growth. We are seeing a rally in Treasuries in light of broader market weakness. … Read More »
Daily Comment (November 6, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EST] | PDF Our Comment today opens with an update on the Israel-Hamas conflict, where we continue to see a risk that the fighting could expand regionally and potentially even draw in the U.S. We next review a wide range of other international and U.S.… Read More »
Daily Comment (November 3, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Equities are surging due to the employment data, and Victor Wembanyama has proved that being tall and mobile makes it easier to score points in basketball. Today’s Comment begins with a discussion on how central bank policy impacts bond yields,… Read More »