Daily Comment
Daily Comment (June 23, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning! The 13th episode of the Confluence of Ideas podcast is available; the topic is the first in a series of episodes on the November elections. U.S. equity futures are higher again this morning, with the rest of the world rising… Read More »
Daily Comment (June 22, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and happy Monday. U.S. equity futures are higher this morning, while Europe is lower. Treasuries yields are lower, as well as the dollar, while gold is up. EU leaders are talking to Chairman Xi today; the new security law passed… Read More »
Daily Comment (June 19, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and happy Friday! U.S. equity futures are higher this morning as optimism over the economy continues to rise. China remains in the news. The forbearance being offered by lenders is having an adverse impact on the industry designed to deal… Read More »
Daily Comment (June 18, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning! U.S. equity futures are weaker this morning, but off the worst levels of the overnight session. Our usual commentary on COVID-19 is available. We cover a myriad of policy issues this morning, including global taxes and the increased scrutiny facing… Read More »
Daily Comment (June 17, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Risk assets have wind in their sails today, in large part due to easing coronavirus lockdowns, signs of rapid economic recovery and continued policy support around the globe. However, those positives are being offset to some extent by serious new geopolitical tensions… Read More »
Daily Comment (June 16, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Risk assets are on a tear so far today in response to a blockbuster report on U.S. retail sales suggesting that the economy may be rebounding from the coronavirus crisis more rapidly than expected. At the same time, officials across the globe… Read More »
Daily Comment (June 15, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and happy Monday! It’s another risk-off day as financial markets recoil from reports of rising COVID-19 infections. Our usual commentary on COVID-19 is available. We update on China and trade issues with the U.K./EU/U.S. We are watching U.S./Russian relations as… Read More »
Daily Comment (June 12, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and happy Friday! After a big drop yesterday, equities are recovering this morning. Our take gets top billing in today’s report. Next up is tech news, followed by foreign developments. After those sections, we offer a couple of interesting charts.… Read More »
Daily Comment (June 11, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning. It’s a risk-off day so far, with global equities falling. Some of this appears to be some well-deserved profit taking in the wake of a strong equity rally. The FOMC meeting ended yesterday. We examine what they announced and other… Read More »