Daily Comment
Daily Comment (August 30, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] So far, it’s a quiet morning with a bit of a “risk-off” tone. Here is what we are watching today: An EU trade proposal? EU Commission President Juncker came to Washington this summer and convinced President Trump that the EU and the U.S. should negotiate on… Read More »
Daily Comment (August 29, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s a quiet Wednesday, very typical of late summer. Here is what we are watching today: Ottawa to Washington: The U.S. has given Canadian negotiators a deadline of Friday to accept the deal negotiated by the U.S. and Mexico. In response, Canada’s foreign minister, Chrystia Freeland,[1]… Read More »
Daily Comment (August 28, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s a quiet Tuesday. Here is what we are watching today: A deal with Mexico: Although it wasn’t a huge surprise, it does appear the U.S. and Mexico have a trade agreement. The overall details are as follows:[1] 75% of content in autos must be sourced… Read More »
Daily Comment (August 27, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s a solemn Monday as the nation mourns the passing of Sen. John McCain. It is dominating the media’s focus. It is also the last week of summer and it is clear that trading desks are thin and quiet. Here is what we are watching today:… Read More »
Daily Comment (August 24, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Friday! Markets are fairly quiet this morning. Here is what we are watching today: Powell speaks: The Jackson Hole meeting is underway. Chair Powell will start speaking around 10:00 EDT. We don’t expect anything other than “steady as she goes,” meaning at least one more… Read More »
Daily Comment (August 22, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] We are seeing a bit of risk-off this morning on the big political stories from yesterday. However, the emphasis is on “bit”; equity weakness isn’t excessive, the dollar is modestly weaker, gold is higher but not by a lot and Treasury yields are down but no… Read More »
Daily Comment (August 21, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] The big story today is a bit of dollar weakness, which is putting some upward pressure on interest rates and helping precious metals. Here is what we are watching today: Trump talks: In a wide-ranging interview,[1] President Trump warned not to expect much from the Chinese… Read More »
Daily Comment (August 20, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s Monday…back to the salt mines! It’s a “green” day so far this morning—equities are higher, but so are longer duration Treasury prices and beleaguered metals are even bouncing a bit higher. The dollar is a bit lower. Here is what we are watching today: Turkey… Read More »
Daily Comment (August 17, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Friday! It’s a mixed market situation and somewhat less volatile than action earlier in the week. Here is what we are watching today: End of quarterly earnings? President Trump tweeted[1] this morning that he is directing the SEC to study the costs and benefits of… Read More »