Daily Comment

Daily Comment (December 16, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Comment today opens with the latest pandemic news, including the state of play on the new pandemic relief proposal in Congress, which has been buoying equity markets.  We next turn to U.S. political and policy news, including a preview… Read More »

Daily Comment (December 15, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Comment today opens with the latest coronavirus news.  Some of that news is good, such as the first U.S. vaccinations and signs that at least a trimmed down pandemic relief bill is in the offing again.  However, some of… Read More »

Daily Comment (December 14, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday!  U.S. equity futures are higher this morning as vaccine distribution begins.  The Electoral College votes today.  There are two big items today—Brexit and the vaccine, so we lead off with those two categories.  There was… Read More »

Daily Comment (December 11, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Friday!  The lack of progress on a stimulus package, the potential for a government shutdown, and the increasing likelihood of a disruptive Brexit are all weighing on equities this morning.  Accordingly, we lead off our coverage… Read More »

Daily Comment (December 10, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning!  The ECB met today and decided to increase its long-term bond purchases; the market’s initial reaction is hawkish.  The EUR has rallied, and rates have lifted (albeit modestly).  U.S. equity futures are mostly sideways this morning.  There is… Read More »

Daily Comment (December 9, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with the latest coronavirus news.  Importantly, the U.K. vaccinations yesterday turned up two negative reactions in people with allergy issues, but the news doesn’t seem to be undermining vaccine euphoria yet.  There’s also a new… Read More »

Daily Comment (December 8, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with a discussion of the latest coronavirus developments.  The near-term bad news of worsening infections and continued hurdles to a new U.S. pandemic relief bill continue to present headwinds to risk markets. However, that is,… Read More »

Daily Comment (December 7, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday.  It’s the 79th anniversary of Pearl Harbor.  Equity markets are lower this morning.  Our coverage starts with Brexit; negotiations are coming to an end, and the “level playing field” issue appears to be the final… Read More »

Daily Comment (December 4, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Employment Friday!  We examine the data in detail below, but the quick take is that the data was weaker than expected.  U.S. equity futures are moving higher this morning.  We lead off with pandemic news.  OPEC… Read More »

1 2 3 4 5 134