Daily Comment

Daily Comment (April 25, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s another mostly quiet morning as a plethora of earnings are released.  Here is what we are watching: South Korea goes negative: Real GDP slipped into negative territory in Q1. Weak investment spending led to the unexpected slowdown.  Although exports were weak, on a net… Read More »

Daily Comment (April 24, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Markets across the world are rather quiet this morning after U.S. equity indices made new closing highs yesterday.  Here is what we are watching: China trade talks: Treasury Secretary Mnuchin and Trade Representative Lighthizer announced another round of meetings in Beijing next week.[1]  The next… Read More »

Daily Comment (April 23, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Markets across the world are rather quiet this morning.  Oil remains the focus.  Here is what we are watching: Oil: Yesterday, the Trump administration announced that no more oil waivers will be granted on Iranian oil exports, which will tighten oil supplies.  The U.S. has… Read More »

Daily Comment (April 22, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Easter Monday!  Most of Europe is closed today, along with a few Asian markets (Australia, New Zealand).  It’s also Earth Day.  There was a horrific terror event Easter Sunday against Christians in Sri Lanka.[1]  Here is what we are watching: Oil: The Trump administration… Read More »

Daily Comment (April 18, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] U.S. equities are mostly flat, while we are seeing weakness abroad.  The Mueller report[1] gets released this morning, so the media will be focusing on that all day.  European PMI data was lackluster.[2]  In a fascinating development, a Democratic Party stalwart announced he isn’t running… Read More »

Daily Comment (April 17, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Equities are trending higher in a quiet trade.  China’s economic data was solid.  Here is what we are watching: Chinese data: GDP came in a bit better than expected, at 6.4%, but since GDP is mostly a manufactured number we expect it to always be… Read More »

Daily Comment (April 16, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Equities are trending higher in a quiet trade.  Media is focused on the tragic Notre Dame fire.  Here is what we are watching: Fed talk: Chicago FRB President Evans and Boston FRB President Rosengren (both voters this year) made essentially dovish statements on monetary policy. … Read More »

Daily Comment (April 15, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Tax Day!  It’s a quiet start to a short week.  Here is what we are watching: A Chinese anniversary: This is the 30th anniversary of the death of Hu Yaobang, a reformist leader in the late 1980s.  Deng had supported the rise of Hu,… Read More »

Daily Comment (April 12, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] We are seeing a risk-on day.  Other than this sentence, there will be no discussion of Brexit today.  Here is what we are watching: Chinese data: Bank loans rose much more than expected, with CNY 1.69 trillion extended compared to expectations of CNY 1.25 trillion. … Read More »

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