Daily Comment
Daily Comment (November 13, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] Happy Monday! Here are the news items we are watching this morning: The president’s trip to Asia comes to a close: The president stayed mostly on script for the early part of his trip but began to stray toward the end. We suspect historians will look… Read More »
Daily Comment (November 10, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] We are seeing further equity weakness this morning; interestingly, too, Treasury yields are rising. The asset market weakness doesn’t appear to have a single cause, but rather a mix of factors has weakened investor sentiment. Here is what we are watching: Who knew tax reform would… Read More »
Daily Comment (November 9, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] We are seeing some equity weakness this morning. There isn’t anything specific weighing on the market other than what looks like profit taking. Here’s the news we are watching this morning: President Trump in China: The president received $250 bn in trade deals and promised investments. … Read More »
Daily Comment (November 8, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] There was a good bit of news overnight. Here is what we are watching: The message from the voters: Governor and downstate elections were held in Virginia and New Jersey yesterday. Although small sample size projections are the lifeblood of political punditry, we see three legitimate… Read More »
Daily Comment (November 7, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] The overnight news was less active than the weekend but there’s still a lot going on. Here’s what we are watching: Saudi Arabia: We see two items of note this morning. First, the king has ordered banks to freeze the accounts of numerous Saudi nationals who… Read More »
Daily Comment (November 6, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] Oh my, it was a very busy weekend for news. Let’s dig in. Saudi Arabia: The Kingdom of Saudi Arabia (KSA) was a hub of activity. There were a few items of note. It appears that Crown Prince Muhammad bin Salman (MbS) has engineered a massive… Read More »
Daily Comment (November 3, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy employment data day! We cover the release in detail below but the quick read is that the report is relatively weak; payrolls rebounded sharply but below expectations, the unemployment rate fell largely due to a drop in the labor force and wages remained unchanged. Weather… Read More »
Daily Comment (November 2, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] The overnight news was relatively light, but here are the events we’re keeping an eye on today: Changes at the Fed: Yesterday, the FOMC decided to maintain interest rates at their current levels but hinted at a possible rate increase in December. The Federal Reserve cited… Read More »
Daily Comment (November 1, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Equity markets have been fairly strong following relatively strong earnings and expectations surrounding the FOMC meeting today. The overnight news was relatively light, but below are a few topics that we are keeping an eye on today: Return of the ban? Yesterday, a driver in a… Read More »