Daily Comment
Daily Comment (October 14, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. Bank earnings reports are giving a bullish tone to the equity markets this morning. Our coverage begins with the Federal Reserve; the FOMC released its minutes yesterday. Economics and policy come next. Inflation worries are rising. Crypto news… Read More »
Daily Comment (October 13, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment begins with several developments related to major global issues, including the current state of economic growth, supply chains, and energy supplies. We then review various international and U.S. news items, including the Social Security Administration’s latest cost-of-living adjustments… Read More »
Daily Comment (October 12, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with several big and broad crises, including the global energy crunch, China’s clampdown on private firms, and Chinese debt issues. We also cover other foreign and U.S. developments, and we wrap up with the latest on the… Read More »
Daily Comment (October 11, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. It’s Columbus Day and Indigenous People’s Day. Being a commercial bank holiday, the Treasury market is closed, although Treasury futures are trading and would suggest interest rates will continue to rise. It’s also a government holiday, meaning there… Read More »
Daily Comment (October 8, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! Today’s report begins with our thoughts on China-U.S. trade relations. We then review various international news items followed by U.S. economics and policy. China news is next, and we end with our pandemic coverage. China-U.S.: Tensions between the… Read More »
Daily Comment (October 7, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. U.S. equity futures are up this morning. A potential deal on the debt ceiling and relief on oil and gas prices have improved sentiment. Our coverage begins with an examination of these two factors. Up next is crypto… Read More »
Daily Comment (October 6, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We open today’s Comment with the latest developments in U.S. fiscal policy and other issues. We then turn to several international issues, many of which are playing into the weak financial markets we’re seeing across the globe today. Those items… Read More »
Daily Comment (October 5, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF In today’s Comment, we open with multiple U.S. developments that have the potential to affect the financial markets today, including the latest on the federal government’s debt limit, signs of growing worker clout in the labor market, and new regulatory… Read More »
Daily Comment (October 4, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning on the first Monday of October. Risk markets are generally lower this morning as uncertainty in Washington and worries about valuations weigh on sentiment. USTR Tai will discuss the trade relationship with China today. We discuss what we… Read More »