Daily Comment
Daily Comment (July 2, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s the first day of Q3! So far, it’s not an auspicious start. We did celebrate “Bobby Bonilla Day” yesterday, one of our favorite holidays.[1] There is lots of news this morning. Let’s dig in: Mexican elections: As expected, Lopez Obrador, otherwise known as AMLO, easily… Read More »
Daily Comment (June 29, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Friday and good riddance to Q2! It’s looking like a risk-on day. Lots of news today. Let’s dig in: EU summit: A deal was struck on immigration and refugees in a nearly all-night session.[1] The agreement says that seaborne migrants will be placed into processing… Read More »
Daily Comment (June 28, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] As the second quarter winds down, this morning’s news flow is fairly quiet. GDP came in a bit soft (see below). Here is what we are watching this morning: The EU summit: EU leaders are meeting today through the weekend. The primary topic will be immigration… Read More »
Daily Comment (June 27, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Here we are at mid-week. Financial markets are recovering this morning after a difficult overnight session. Here is what we are watching: Softening on trade? Around 7:35 AM EDT, the White House[1] announced it would not create a new regime to scrutinize Chinese investments and instead… Read More »
Daily Comment (June 26, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] After a rough day yesterday, financial markets are attempting to stabilize this morning. Here is what we are watching: Trouble in Iran: Protests are escalating in Iran. Comments on Twitter suggest there is widespread dissatisfaction with the government. Unconfirmed reports of crowds chanting “Leave Syria, think… Read More »
Daily Comment (June 25, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s Monday. This morning, it’s trade, Turkey and OPEC. Here are the headlines: Trade: The Trump administration is preparing to put capital controls against Chinese investment in a variety of U.S. industries deemed critical for security. The industries are mostly in the technology sector. The president… Read More »
Daily Comment (June 22, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] We made it to Friday! Markets are rather quiet this morning as immigration has overshadowed trade concerns. We are seeing a bit of “risk-on” today after a rather rough week. Here is what we are watching this morning: OPEC: We have a deal. The cartel agreed… Read More »
Daily Comment (June 21, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Summer Solstice! Here is what we are watching this morning: Trade and the dollar: India joined other nations by applying tariffs against the U.S.[1] EU officials are worried that U.S. trade policy will upend its longstanding Common Agricultural Policy (CAP), which is a system of… Read More »
Daily Comment (June 20, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s Wednesday! Financial markets are moving steadily higher this morning, mostly on the lack of new trade pronouncements. Here is what we are watching today: Trade: The EU unveiled €2.8 bn of tariffs on U.S. goods[1] in retaliation to American tariffs. About a third of the… Read More »