Daily Comment
Daily Comment (October 18, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Note: After a long hiatus, we have resumed podcasting. Our new series, titled The Confluence of Ideas, begins with an overview of “Hegemonic Stability Theory” (the program title links to our podcast page). Our plan is to record a new episode about… Read More »
Daily Comment (October 17, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] The EU and the PM Johnson have a deal. Trade news continues. Interesting items emerging from the financial markets. Here are the details: Brexit: In the wee small hours of the morning (at least in the U.S.), EU and U.K. negotiators made… Read More »
Daily Comment (October 16, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] The IMF gives details on weakening global growth. Brexit is at a crossroads. Trade tensions with China remain. Update on Syria. The National League has its pennant winner; the Cardinals, meanwhile, have much in common with private equity. The latter spent billions… Read More »
Daily Comment (October 15, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Commercial bankers come back to work today. The Middle East is a mess, but oil prices haven’t budged. There was little progress on Brexit, but hope remains. The Chinese trade deal continues to hit snags; China also released a batch of economic… Read More »
Daily Comment (October 14, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] It’s Columbus Day! Treasury markets are closed but equity exchanges are open. Today looks like a “upon further review day” as markets reverse Friday’s optimism. Here are some of the details: Trade: After touting the progress made on Friday, the mood has… Read More »
Daily Comment (October 11, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Happy Friday! It’s a day starting with great optimism. It appears that a mini-trade deal may have been struck with China. There seems to be progress on Brexit. On the darker side, an Iranian oil tanker was struck by missiles in the… Read More »
Daily Comment (October 10, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] As the Nationals staged a remarkable comeback to earn the right to play the Cardinals for the National League pennant, the financial markets were roiled over conflicting stories of the trade talks. Turkey threatens the EU. The EU issues an ultimatum to… Read More »
Daily Comment (October 9, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] On the eve of trade talks, hopes of a thaw are boosting risk markets this morning. Powell coos. Fed minutes at 2:00. Here is what we are watching today: Trade thaw? Equity futures lifted this morning on reports that China, despite all… Read More »
Daily Comment (October 8, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Equities are weaker this morning two days before China/U.S. trade talks. Uncertainty reigns on the Syria/Kurd issue. Brexit looms. Here are some of the details: China: There are two news items regarding China that have sent equities lower. First, the U.S. has… Read More »