Daily Comment

Daily Comment (February 20, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s mid-week (already!).  Global equities are stronger this morning and U.S. equity futures are flat.  Here is what we are watching this morning: More U.K. defections: Yesterday, we reported that seven Labour MPs left their party to form a new centrist party, called the Independent Group. … Read More »

Daily Comment (February 19, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Welcome back!  The three-day weekend is now past and it’s back to work.  Global equities are weaker this morning and U.S. equity futures are too.  Here is what we are watching this morning: The world goes dovish: The FOMC is reconsidering its balance sheet policy[1] and… Read More »

Daily Comment (February 15, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] U.S. equity futures are steady to higher this morning in quiet trading.  There is some optimism on the China/U.S. trade talks and on the Fed’s balance sheet.  Here is what we are watching this morning: Trade talks: Although there isn’t much evidence of real progress (e.g.,… Read More »

Daily Comment (February 14, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy St. Valentine’s Day!  U.S. equity futures are trending higher this morning in quiet trading.  Here is what we are watching: White House calming markets: The president is reportedly considering pushing back the trade deadline by 60 days and backing a border security bill that would… Read More »

Daily Comment (February 13, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] U.S. equity futures are trending higher this morning in quiet trading.  Here is what we are watching: Brexit: PM May has asked for more time to negotiate with Brussels.[1]  Apparently, she is still seeking changes to the Irish backstop, although there isn’t much evidence at this… Read More »

Daily Comment (February 12, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] U.S. equity futures are trending higher this morning after a mostly flat day yesterday.  The big news is that negotiators have reached a deal to avoid a government shutdown.  Here is what we are watching this morning: Shutdown averted: Negotiators have reached a deal to avoid… Read More »

Daily Comment (February 11, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] U.S. equity futures are trending higher this morning after a later rally on Friday.  It’s the 40th anniversary of the Iranian Revolution.[1]  Here is what we are watching today: Trade: Talks between China and the U.S. will restart next week; the focus on this round will… Read More »

Daily Comment (February 8, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] U.S. equity futures are under pressure again this morning.  Here is what we are watching today: Trade: Yesterday, we noted that the lack of dollar depreciation was starting to become a problem for equities.  Although the reversal of the FOMC on monetary policy is, by itself,… Read More »

Daily Comment (February 7, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] U.S. equity futures are under pressure again this morning.  Here is what we are watching: What’s eating the market?  We are seeing a series of foreign central bank easing actions or signals thereof.  Yesterday, the Reserve Bank of Australia surprised the markets with a rate cut. … Read More »

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