Daily Comment
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 »
Daily Comment (June 25, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez [Posted: 9:30 AM EDT] It’s a slow news day so far this morning. Lots of Fed speakers throughout the day. Here is what we are watching today: The Fed: There is a plethora of Fed speakers today (see below), including Chair Powell. We did see the president… Read More »
Daily Comment (June 24, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez [Posted: 9:30 AM EDT] NB: Our strategy team is expanding! Patrick Fearon-Hernandez has joined our firm as Market Strategist. He comes to us from a broad and interesting career, including a stint at A.G. Edwards and the Central Intelligence Agency. You will be seeing his work in… Read More »
Daily Comment (June 21, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez [Posted: 9:30 AM EDT] NB: Our strategy team is expanding! Patrick Fearon-Hernandez has joined our firm as Market Strategist. He comes to us from a broad and interesting career, including a stint at A.G. Edwards and the Central Intelligence Agency. You will be seeing his work in… Read More »
Daily Comment (June 20, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy post-Fed Day! It’s all bullish today; equities are higher, bond yields are lower and gold is on a tear (and the dollar is weaker). The only worry? Iran claims to have shot down a U.S. drone, sending oil higher. Here is what we are… Read More »