Daily Comment
Daily Comment (February 18, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Welcome back! Equities are under pressure due to Apple (APPL, 324.95) news. The U.K. rejects the EU trade agreement proposals as it appears Britain is ramping up fiscal spending. The Netherlands threatens the EU/Canada trade deal. We’re seeing rising tensions over the… Read More »
Daily Comment (February 14, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy Friday and St. Valentines Day! It’s rather quiet in the financial markets, with bonds doing well and equities grinding higher. We update news on COVID-19. There is unrest in Colombia, and more legal action on Huawei (002502, CNY 2.61). We have… Read More »
Daily Comment (February 13, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] After a steady rise, equities are lower this morning following a jump in reported infections; we update news on COVID-19. The nominating process for the remaining two vacant governor positions begins today. PM Johnson shakes up his cabinet. The CDU/CSU begins the… Read More »
Daily Comment (February 12, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s a rather quiet Wednesday as global equity markets continue their steady rise. We have an update on the COVID-19 virus (it now has an official name), along with some disquieting data from JOLTS and headlines about consumer debt. The EU fires… Read More »
Daily Comment (February 11, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Global equity markets continue to grind higher. We have an update on the Wuhan virus. Chair Powell goes to Capitol Hill today and tomorrow. The New Hampshire primary is underway. News on Brexit. The conflict in Syria continues. The Philippines ends a… Read More »
Daily Comment (February 10, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy Monday! Global equity markets are flat to down as the world continues to deal with the Wuhan virus. China officially returns from the New Year’s holiday, but it looks like a slow restart, and China’s inflation rises. There is political turmoil… Read More »
Daily Comment (February 7, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s employment Friday! We cover the data in detail below, but the quick take is that the data did come in a bit better than forecast. However, the Bureau of Labor Statistics has conducted benchmark revisions and the changes suggest the labor… Read More »
Daily Comment (February 6, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] The rally in equities continues. An update on the Wuhan virus. Good news on trade. Potentially important developments in Germany. Brazil cuts the policy rate. Update on the weekly energy data. Here are the details: Wuhan virus: Although it is clear that… Read More »
Daily Comment (February 5, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Global equities are higher as reports of a potential vaccine are lifting optimism. U.S. considers new trade regulations. A comment on globalization. Good news on cancer. Here are the details: Wuhan virus: The level of reported infections worldwide is 24,627, with 493… Read More »