Daily Comment
Daily Comment (December 5, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s a “Seinfeld” equity market this morning—equity futures are advancing on nothing in particular. Tory optimism is rising. There’s a general strike in France. U.S. is worried about Iran. Here are the details: Brexit: The GBP has been steadily rising in the… Read More »
Daily Comment (December 4, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Yesterday, trade worries with China led to a selloff. This morning, optimism has returned and equities are higher. Protests in Iran turn increasingly deadly. Thoughts on the U.K. elections. Here is what we are watching this morning: Trade: Yesterday, equity markets tumbled… Read More »
Daily Comment (December 3, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Trade worries continue to weigh on equity markets. NATO meeting starts tomorrow. Here is what we are watching this morning: Trade: The trade issue is getting increasingly messy and equity markets are falling. Here are some of the issues: France and tech… Read More »
Daily Comment (December 2, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Welcome back! Hope all had a great holiday; it’s now December, the last month of 2019. Ursula von der Leyen finally gets to take over as head of the EU commission. It’s a modest risk-on morning. Here are the details: China: A… Read More »
Daily Comment (November 27, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Good morning all! Equities are trading stronger as fears of a recession have been calmed by upward revisions to GDP for the third quarter. Below are the stories we will be tracking today: Mexico infrastructure: On Tuesday, Mexico’s government announced the first… Read More »
Daily Comment (November 26, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s very quiet this morning. (N.B. The Wednesday report will be the last one for this week; have a great Thanksgiving.) Chair Powell gave an upbeat speech. Trade negotiations continue. Chairman Xi is having a rough time lately. There was a major… Read More »
Daily Comment (November 25, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy Monday! This will be a short week for U.S. markets. (N.B. The Wednesday report will be the last one for this week; have a great Thanksgiving.) It’s a modest risk on day so far. There was some positive trade news. Tories… Read More »
Daily Comment (November 22, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Episode #3 of our Confluence of Ideas podcast is now available. Happy Friday! It’s a slow news day this morning. Financial markets are rather calm. We cover the global PMI data in the foreign section. Here is what caught our attention this… Read More »
Daily Comment (November 21, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Episode #3 of our Confluence of Ideas podcast is now available. Financial markets this morning can best be described as “becalmed.” Not much is moving We cover the Fed minutes and the recent gyrations with trade. OECD downgrades 2020 growth. Yesterday’s energy… Read More »