Daily Comment
Daily Comment (February 3, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy Super Monday! There is a lot going on this morning. We have an update on the Wuhan virus. Chinese equity markets reopen and the PBOC eases. Tensions rise on EU/U.K. trade. Iowa caucuses are tonight. We see a turn in Venezuela. … Read More »
Daily Comment (January 31, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy Super Bowl Friday! It’s also Brexit Day. We update the latest on the Coronavirus. Eurozone GDP comes in weak. Global equities continue to lose ground. Abe appoints a new member to the BOJ. More movement on global tech taxes. Here are… Read More »
Daily Comment (January 30, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s GDP Thursday! We cover the data in detail below but the report came in at 2.0% which was close to forecast. Risk-off returns as global equity markets slump. We update the latest on the Coronavirus. The BOE surprises; the Fed does… Read More »
Daily Comment (January 29, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] BREAKING: Houthi rebels claim they launched a drone and missile attack on Saudi oil facilities; oil prices have rallied on the news. It’s FOMC Day! As we noted yesterday, we don’t expect much from the statement, but the press conference could be… Read More »
Daily Comment (January 28, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Update on the coronavirus and the FOMC meeting begins today. Asian equity markets remain under pressure, but Europe and the U.S. are stabilizing. U.K. defies U.S. on Huawei (002502, CNY 2.99) Here is what we are watching this morning: Coronavirus: The infection… Read More »
Daily Comment (January 27, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Global equity and commodity markets continue to sink on the Wuhan virus. The U.K. prepares to officially leave the EU on Friday. The Fed meets this week as it considers new tools. Italian markets get some positive news. Here is what we… Read More »
Daily Comment (January 24, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy Friday! Davos continues, and the coronavirus continues to dominate the news on the eve of the “year of the rat.” Here is what we are watching this morning: Coronavirus: The virus has now been blamed for 25 fatalities and has infected… Read More »
Daily Comment (January 23, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Davos continues, the ECB meets, but it’s the coronavirus dominating the news. The U.S. is setting its trade sights on the EU. Here is what we are watching this morning: Coronavirus: The latest death toll is 17 and the number of confirmed… Read More »
Daily Comment (January 22, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Davos continues, impeachment dominates the news (but has no discernable impact on financial markets) and we continue to monitor the coronavirus. Lebanon gets a new government, Norway’s fails and Italy’s might be close to failing. Here is what we are watching this… Read More »