Daily Comment
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 »
Daily Comment (June 10, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] The relatively muted tenor in risk assets so far today comes as investors look forward to the Fed’s latest policy decision, forecast update and Chairman Powell’s news conference this afternoon. We’ve also seen some pessimistic forecasts for the global economy from the… Read More »
Daily Comment (June 9, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Our newest podcast episode, “The Long-Term Effects of COVID-19,” is available. In this episode, we discuss how the COVID-19 pandemic will likely accelerate the reversal of the equality/efficiency cycle toward equality. Many countries continue to report falling coronavirus infection rates and economic… Read More »
Daily Comment (June 8, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Our newest podcast episode, “The Long-Term Effects of COVID-19,” is available. In this episode, we discuss how the COVID-19 pandemic will likely accelerate the reversal of the equality/efficiency cycle toward equality. Good morning and happy Monday! Global stocks are mixed; Europe is… Read More »
Daily Comment (June 5, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Our newest podcast episode, “The Long-Term Effects of COVID-19,” is available. In this episode, we discuss how the COVID-19 pandemic will likely accelerate the reversal of the equality/efficiency cycle toward equality. Good morning and happy employment Friday! We go into the details… Read More »
Daily Comment (June 4, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning. It’s ECB day! The ECB continues to support the EU economy. It’s June 4, the 31st anniversary of the Tiananmen Square Massacre; we note China is playing up the current U.S. civil unrest as a counterpoint to Beijing’s actions in… Read More »
Daily Comment (June 3, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Our newest podcast episode, “The Long-Term Effects of COVID-19,” is available. We continue to build on themes discussed in the previous episode, “The Lessons of History,” in which we examined the effects of earlier pandemics. In this episode, we discuss how the… Read More »
Daily Comment (June 2, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] The general uptrend in risk assets continues to stem mostly from the gradual easing of coronavirus lockdowns and progress on vaccines and treatments. Today’s market action also reflects signs that the major oil-producing countries will extend their production cuts, which has boosted… Read More »