Daily Comment

Daily Comment (October 7, 2019)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA Happy Monday (is it just me? Or are weekends getting shorter?)!  It’s a big week—the Fed releases its minutes on Wednesday, we get CPI on Thursday and Chinese officials are in town for trade talks.  Here are some of the details: China talks:  It appears that… Read More »

Daily Comment (October 4, 2019)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Happy employment Friday!  We cover the data below, but the quick take is that the report is mixed.  The drop in the unemployment rate to 3.5%, a new cycle low, is impressive.  However, wage growth for non-supervisory workers fell to 3.5% from… Read More »

Daily Comment (October 3, 2019)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Equity markets are mostly flat this morning after two sharp down days.  Johnson has a new Brexit plan.  The WTO approves U.S. retaliatory tariffs against the EU.  Here is what we are watching this morning: Equity worries:  Equity markets have taken a… Read More »

Daily Comment (October 2, 2019)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] It’s another risk-off day so far this morning.  Residual worries about the economy continue to dominate.  Here is what we are watching this morning: Reviewing ISM manufacturing:  As you are all aware by now, the ISM manufacturing data for September came in… Read More »

Daily Comment (October 1, 2019)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Happy Q4!  Although there is a lot of news, not much is market-moving.  A poorly received bond auction in Japan has lifted bond yields around the world.  Here is what we are watching this morning: China’s anniversary:  China held its 70th anniversary… Read More »

Daily Comment (September 30, 2019)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Happy Monday!  It’s the last day of the quarter and there is a lot going on.  Let’s dig in.  Here is what we are watching this morning: Happy Anniversary!  The Communist Party of China (CPC) will hold major celebrations this week for… Read More »

Daily Comment (September 27, 2019)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Hurray for Friday!  It has been a tumultuous week as we approach the end of Q3.  Markets are generally quiet this morning.  U.S. economic data was a bit soft (see below).  There are two elections over the weekend, in Afghanistan and Austria.… Read More »

Daily Comment (September 26, 2019)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Markets are rather quiet this morning.  The IMF has a new leader.  The head of the DNI testifies today before the House and Senate Intelligence Committees.  The House testimony will be public, while the Senate will be closed.  We expect the media… Read More »

Daily Comment (September 25, 2019)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good Morning.  Global equity markets are under pressure this morning on sentiment concerns.    Here is what we are watching: A volatile day:  Yesterday was a volatile day in the financial markets as two issues dominated. The U.N. speech: President Trump’s address to… Read More »

Daily Comment (September 24, 2019)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning!  Boris gets bad news.  Europe is turning on Iran.  China is looking to control its large firms.  President Trump will address the U.N. General Assembly today.  Here is what we are watching this morning: The U.K. Supreme court rules against… Read More »

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