Daily Comment
Daily Comment (July 11, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with news that Turkey has agreed to support Sweden’s accession to NATO, creating an even more formidable military bulwark in response to Russia’s invasion of Ukraine. We next review a wide range of other international and U.S. developments… Read More »
Daily Comment (July 10, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with multiple China-related reports highlighting the country’s growing frictions with the West and its sharply slowing economy. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today,… Read More »
Daily Comment (July 7, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Today’s Comment begins with the latest development from Treasury Secretary Yellen’s trip to Beijing. Next, we discuss the heightened risk of unrest in Russia. Lastly, we examine why tech companies are looking to take greater control of access to consumer data. Back… Read More »
Daily Comment (July 6, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with a discussion about friction between policymakers in the U.S. and Europe over the pace and direction of interest rate changes. We will then discuss why households are not as confident in the economy as the data… Read More »
Daily Comment (July 5, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with news of more trade frictions between China and the West. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including reports of a new breakthrough… Read More »
Daily Comment (July 3, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with energy news, including further oil output cuts by Saudi Arabia and Russia, as well as a spate of negative prices for wholesale electricity in Europe. We next review a wide range of other international and U.S. developments… Read More »
Daily Comment (June 30, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with a farewell to LIBOR and ends with a few comments on the overnight news. The End of LIBOR: As of today, the use of the London Interbank Offering Rate, or LIBOR, will end. LIBOR developed in… Read More »
Daily Comment (June 29, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with the market reaction to Wednesday’s financial stress test report. Next, we review the political risks central bankers face as they look to raise rates. Lastly, we will expand upon yesterday’s comments about potential curbs by the… Read More »
Daily Comment (June 28, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with some interesting new revelations on the weekend’s short-lived rebellion in Russia. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including signs of growing pushback… Read More »