Daily Comment
Daily Comment (January 8, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] U.S. equity futures are higher this morning as the recovery continues. Here is what we are watching today: Fed news: Atlanta FRB President Bostic suggested that the policy rate may be near neutral and perhaps only one more increase is needed.[1] Bostic has made it clear… Read More »
Daily Comment (January 7, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] U.S. equity futures are flat this morning after a strong rally on Friday. Here is what we are watching this morning: Powell the dove: Chair Powell participated in a panel discussion on Friday that included former Fed Chairs Bernanke and Yellen. He pretty much said everything… Read More »
Daily Comment (January 4, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] After a hard sell-off in equities yesterday, we are seeing a bounce this morning. Boosting sentiment are hopes for a dovish tone from Chair Powell, a reserve rate cut in China and the opening of formal trade talks between the U.S. and China. We cover the… Read More »
Daily Comment (January 3, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It was all about Apple (AAPL, 157.92), which is down around 8% in the pre-market trade, and the yen. Here is what’s going on: AAPL: Apple[1] released a letter warning investors that the company would miss revenue estimates. Two reasons were given for the decline, weaker… Read More »
Daily Comment (January 2, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Back to the salt mines! The New Year, 2019 (hard to believe, isn’t it?), is starting out with a thud as weak Chinese data has sent equities into the red. Here is what we are watching this morning: The Chinese data: The PMI data[1] from China… Read More »
Daily Comment (December 21, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] [N.B. The Daily Comment will go on holiday from December 24 to January 2. From all of us at Confluence, but especially Thomas and me, thanks for reading and have a Merry Christmas and Happy New Year!] On Friday, December 14, we published our 2019… Read More »
Daily Comment (December 20, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] [N.B. The Daily Comment will go on holiday from December 24 to January 2. From all of us at Confluence, but especially Thomas and me, thanks for reading and have a Merry Christmas and Happy New Year!] On Friday, December 14, we published our 2019… Read More »
Daily Comment (December 19, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] [N.B. The Daily Comment will go on holiday from December 24 to January 2. From all of us at Confluence, but especially Thomas and me, thanks for reading and have a Merry Christmas and Happy New Year!] BREAKING NEWS: The U.S. is preparing to make… Read More »
Daily Comment (December 18, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] On Friday, December 14, we published our 2019 Outlook: Red Sky at Morning report. If you missed it, you can find the report linked here or on our website. U.S. equity futures are lifting this morning after another hard decline yesterday. Oil prices are falling, with… Read More »