Daily Comment
Daily Comment (July 9, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning! It’s an “everything down day” this morning, with both risk-on and risk-off asset values lower. Most likely this is position-squaring in front of Powell’s testimony. Here is what we are watching today: Powell: There isn’t too much more to add… Read More »
Daily Comment (July 8, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and happy Monday! We are essentially halfway through summer, semi-officially marked by the All-Star Game, the “midsummer classic.” Trading is quiet; investors should note that activity tends to slow during the summer. Europe is essentially on holiday to some extent… Read More »
Daily Comment (July 5, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] (NB: We are publishing an abbreviated report today. Because of the all-important labor market data, we wanted to provide our coverage of that issue and the usual energy market update as well. Additionally, the AAW will be updated. But the headings in… Read More »
Daily Comment (July 3, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] (NB: We will publish an abbreviated report on Friday. Because of the all-important labor market data, we wanted to provide our coverage of that issue and the usual energy market update as well. Additionally, the AAW will be updated. But the headings… Read More »
Daily Comment (July 2, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] We are seeing quiet financial markets this morning after a strong equity rally faded throughout the day yesterday. Hong Kong, a new threat of tariffs on the EU and the Iran nuclear violation are topping the news. Also, an apology—we forgot to… Read More »
Daily Comment (July 1, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Global equity markets are sharply higher in a relief rally from the G-20 meeting. Oil is up on OPEC+ news. Although it’s not exactly official yet, we are unofficially enjoying the longest economic expansion in U.S. history.[1] Here is what we are… Read More »
Daily Comment (June 28, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez [Posted: 9:30 AM EDT] U.S. equity markets are higher this morning on hopes of a trade deal at this weekend’s G-20 meeting. The second leg of the first Democratic debate was held last night. Vice President Biden had a tough night; there are concerns that if Biden… Read More »
Daily Comment (June 27, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez [Posted: 9:30 AM EDT] U.S. equity markets are higher this morning on hopes of a trade deal at this weekend’s G-20 meeting. The first Democratic debate was held last night; although there is much analysis out in the media, keep in mind that this is like analyzing… Read More »
Daily Comment (June 26, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez [Posted: 9:30 AM EDT] U.S. equity markets are higher this morning after taking a tumble yesterday. Optimism on trade is lifting domestic equity futures. The Democrats start their debates tonight and Robert Mueller will publicly testify. Consumer confidence data deserves a second look. Here is what we… Read More »