Daily Comment

Daily Comment (February 6, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] U.S. equity futures are a bit lower this morning in a very quiet trade.  Here is what we are watching today: State of the Union: For financial markets, there wasn’t much in the speech that mattered.  There was nothing on taxes and the potential for any… Read More »

Daily Comment (February 5, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] U.S. equity futures are modestly higher this morning in a very quiet trade.  Much of Asia remains closed for the New Year.  Here is what we are watching this morning: The President and the Chair: President Trump, Treasury Secretary Mnuchin, Chair Powell and Vice Chair Clarida… Read More »

Daily Comment (February 4, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] The Year of the Pig begins!  Several Asian markets were closed and China will be closed all week.  Thus, it was a very quiet overnight session.  Here is what we are watching this morning: Venezuela: Although the EU did not act as a group to call… Read More »

Daily Comment (February 1, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s employment day!  We cover the data in detail below but here is a quick rundown.  The payroll data came in much stronger than expected, but there was a large downward revision to December.  The unemployment rate ticked higher, but that was likely due to the… Read More »

Daily Comment (January 31, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Yesterday brought a strong rally in U.S. equities.  Here is what we are watching this morning: Fed meeting: The Fed meeting delivered more than what was expected.[1]  First, the FOMC removed language from previous statements suggesting the path for the policy rate was on a gradual… Read More »

Daily Comment (January 30, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Fed Day!  U.S. equity futures are higher this morning in light of some solid earnings reports.  Here is what we are watching this morning: Fed meeting: The FOMC ends its two-day meeting today.  Although we won’t get new dots or forecasts, Chair Powell begins his… Read More »

Daily Comment (January 29, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] U.S. equity futures are modestly higher this morning after a drop yesterday.  It’s the last week of the Year of the Dog—my two are sad about its end.  The Year of the Pig starts next week.  Here is what we are watching this morning: Trade talks… Read More »

Daily Comment (January 28, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Welcome back; we are sure the Pro Bowl captured your attention over the weekend.  There is a lot going on this week, including unemployment data, Chinese/U.S. trade meetings and Brexit votes in Parliament.  The U.S. government has reopened, at least temporarily, and it’s going to get… Read More »

Daily Comment (January 25, 2019)

by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Equities are rallying around the world.  Here is what we are watching this morning: Venezuela: As we noted yesterday, China and Russia[1] would be on the hook for billions of bad debt that a new government could simply default on, arguing the debt was incurred by… Read More »

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