Daily Comment
Daily Comment (December 13, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy Friday the 13th! For the past four years, financial markets have been dealing with elevated levels of uncertainty. The issue of Brexit dominated the EU, policy shifts by the Trump administration and assertive policies from China all contributed to uncertainty. This… Read More »
Daily Comment (December 12, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Markets are quiet today but there is a lot going on. The U.K. is voting today; so is Algeria. Israel is facing yet another election. Legarde holds her first ECB meeting. We recap the Fed meeting. The trade situation is updated. We… Read More »
Daily Comment (December 11, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Looking for something to listen to while shopping? Episode #4 of the Confluence of Ideas Podcast is now available. It’s all about the Equality/Efficiency Cycle. Enjoy!\ Happy Fed Day! The FOMC meets today; there are no expectations of a rate change, but… Read More »
Daily Comment (December 10, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Looking for something to listen to while shopping? Episode #4 of the Confluence of Ideas Podcast is now available. It’s all about the Equality/Efficiency Cycle. Enjoy! Equities were trending lower this morning; worries about new tariffs scheduled for Dec. 15th were blamed. … Read More »
Daily Comment (December 9, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Looking for something to listen to while shopping? Episode #4 of the Confluence of Ideas Podcast is now available. It’s all about the Equality/Efficiency Cycle. Enjoy! Happy Monday! It’s a busy week, with the Fed and ECB meeting, elections in the U.K.… Read More »
Daily Comment (December 6, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy employment day Friday! We cover the data below, but the quick read is that the report was a blowout—payrolls rose much more than forecast and the unemployment rate fell. It is bullish for equities, bearish for gold and Treasuries. In other… Read More »
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 »