Daily Comment
Daily Comment (March 26, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Equities are higher in a quiet news environment. Here is what we are watching this morning: Brexit: MPs voted 329/302 to take control of the House of Commons timetable, essentially removing the prime minister from running the process.[1] Although this is no huge shock, it… Read More »
Daily Comment (March 25, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Equities have lifted from their overnight lows on a better than expected German IFO business sentiment index report. Although the Mueller news didn’t have any impact on financial markets, a finding of collusion would have been majorly negative, so that problem has been avoided. Here… Read More »
Daily Comment (March 22, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Good morning! Equity markets are mixed today following weak manufacturing data in Europe and the president’s hints that a trade deal with China is close to fruition. Below are the stories we are currently monitoring: Brexit extension: On Thursday, the Financial Times reported that the… Read More »
Daily Comment (March 21, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Bond yields continue to decline while equities come under pressure. Here is what we are watching this morning: The FOMC: A dovish outcome was expected and the Fed delivered. First, the dots plot was lowered, projecting no rate changes this year and only one more… Read More »
Daily Comment (March 20, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Fed Day! The FOMC finishes its meeting today. Other than that, markets are very quiet. Here is what we are watching this morning: The FOMC: As we noted on Monday, the financial markets have the Fed on hold for the foreseeable future. This is… Read More »
Daily Comment (March 19, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Financial markets are broadly higher this morning; the only exception is the dollar, which is coming under some modest pressure. Other than that, it’s a very quiet morning as we await the Fed. Here is what we are watching this morning: Brexit: PM May was… Read More »
Daily Comment (March 18, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s a modest risk-on day on this Monday in late winter. Here is what we are watching this morning: Fed meeting: As noted last week, the FOMC meets this week. Although there are hopes that the Fed may set the terminal level for the balance… Read More »
Daily Comment (March 15, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Ides of March Friday! The National Party Congress (NPC) ended in China and New Zealand is reeling from a mass shooting. U.S. equity futures are higher. Here is what we are watching this morning: The National Party Congress: Unlike previous events, this one was… Read More »
Daily Comment (March 14, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Pi Day![1] It’s a very quiet day so far this morning. U.S. equity futures are modestly lower. Here is what we are watching: Brexit: As expected, MPs voted to avoid a no-deal Brexit, despite an 11th hour plea from the PM to vote against… Read More »