Daily Comment
Daily Comment (May 12, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment starts with our thoughts about this weekend’s presidential election in Turkey. Next, we explain why the recent drop in the British Pound Sterling (GBP) against the U.S. dollar may not hold. Lastly, we discuss how the controversy in… Read More »
Daily Comment (May 11, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment starts with a discussion about why the market reacted so positively to a subtle drop in U.S. inflation. Next, we provide our thoughts on the latest developments in debt ceiling talks and how they impact U.S. Treasuries. Lastly,… Read More »
Daily Comment (May 10, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an overview of the devastating heatwave in Southeast Asia and the latest on the Russia-Ukraine war. 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 (May 9, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a key report on Chinese international trade that points to an early slowdown in the Chinese and global economies. We next review a wide range of other international and U.S. developments with the potential to affect the… Read More »
Daily Comment (May 8, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with more signs that major countries and companies are shoring up their alliances and operations to counter China’s increasing geopolitical aggressiveness. We next review a wide range of other international and U.S. developments with the potential to affect… Read More »
Daily Comment (May 5, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment starts with our thoughts about the recent changes to monetary policy in Europe and the U.S. Next, we explain why safe-haven assets have become more attractive over the last few days. Finally, the report ends with a discussion… Read More »
Daily Comment (May 4, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! In the wake of the FOMC, it’s mostly a risk off day so far this morning. Treasury yields were lower overnight, but have reversed higher, the dollar and equities are lower, oil is modestly higher after a hard sell off,… Read More »
Daily Comment (May 3, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a word on global oil supplies and prices, where a new tanker seizure by Iran would seemingly boost crude oil prices but growing concerns over recession have pushed those prices sharply lower so far today. We next… Read More »
Daily Comment (May 2, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a report showing an acceleration in the Eurozone’s consumer price inflation. While the acceleration was modest, it could still encourage a more aggressive interest-rate hike by the European Central Bank at its policy meeting on Thursday. We… Read More »