Daily Comment
Daily Comment (August 23, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Trump attacks Washington and the media: President Trump made his first major speech on immigration yesterday in Phoenix, Arizona, during which he placated his base by threatening to shut down the government if the border wall isn’t funded, alluding to a withdrawal from NAFTA and attacking… Read More »
Daily Comment (August 22, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] The president’s address: Last night, President Trump announced that he would expand the U.S. role in Afghanistan but did not give any specifics of the plan. Additionally, the president stated that the U.S. will begin to pressure Pakistan to assist in the fight against terrorism as… Read More »
Daily Comment (August 21, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Eclipse Day! Here are the news items we are following this morning: Afghanistan policy: Tonight, President Trump will present his policy on Afghanistan. Already we are seeing the impact of Chief of Staff (CoS) Kelly; so far, there have been no leaks of his plans. … Read More »
Daily Comment (August 18, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Yesterday saw a selloff in U.S. equities. We are not seeing much of a recovery this morning. Here is what we are watching today: Barcelona: Using rented vans, a group of terrorists who claimed allegiance to ISIS tore through a tourist area of Barcelona, killing 14… Read More »
Daily Comment (August 17, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] There is something of a negative tone to risk assets this morning but nothing that, so far, appears significant. Here is what we are watching today: ECB minutes: The main takeaway from the ECB minutes is that the recent rise in the EUR has caught the… Read More »
Daily Comment (August 16, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Financial markets are quiet this morning, consistent with the late summer lull. However, there has been a lot of news flow. Here’s what we are watching this morning: Fallout from the president’s press conference: President Trump’s press conference yesterday was highly controversial and has given the… Read More »
Daily Comment (August 15, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Markets are calming down. Here’s what we are tracking this morning: North Korea blinks: According to numerous reports, the military leadership of the Democratic People’s Republic of Korea (DPRK) offered plans to Kim Jong-un for a missile test around the U.S. territory of Guam. After reviewing… Read More »
Daily Comment (August 14, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] There was a lot of news over the weekend. Here is what we see as important: North Korea fears ease: Although worries remain about an escalation of tensions with North Korea, as we noted last week, there is no evidence of U.S. mobilization for an attack… Read More »
Daily Comment (August 11, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Commentary from the White House remains belligerent, but U.S. equity futures appear to be stabilizing. Here is what we are watching: U.S. v. North Korea: In a press event yesterday, President Trump doubled down on his bellicose rhetoric against North Korea. He added to it this… Read More »