Daily Comment
Daily Comment (July 16, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, all! U.S. equities appear to be headed for a higher open this morning. The overnight news was rather quiet. Our report begins with international news and discussions about rising tensions between Poland and the EU, Iranian hackers targeting… Read More »
Daily Comment (July 15, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. There are two meetings of note this morning. First, President Biden meets with Chancellor Merkel for her last official visit before she leaves office in September. Expect lots of warm comments, but the obvious drift in policy between… Read More »
Daily Comment (July 14, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We open today’s Comment with news that Democrats have agreed that their “soft” infrastructure plan will total some $3.5 trillion in spending, though details still need to be worked out, and the proposal will face tough sledding in Congress. Next,… Read More »
Daily Comment (July 13, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF In today’s Comment, we begin with the latest developments regarding the infrastructure spending bills making their way through Congress and the outlook for the Federal Reserve’s monetary policy. We next review the latest signs of U.S.-China economic decoupling and geopolitical… Read More »
Daily Comment (July 12, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. The All-Star break is upon us, the unofficial marking of midsummer. U.S. equity futures are mixed this morning, with the S&P 500 lower but the NASDAQ higher. Another heat dome has emerged for the western third of the… Read More »
Daily Comment (July 9, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, all! U.S. equities appear to be headed for a higher open this morning. Today’s report begins with a discussion of what happened in the financial markets yesterday. International news follows, with the EU’s decision to boost its anti-money… Read More »
Daily Comment (July 8, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. The Ever Given, the ship that blocked the Suez Canal, has finally been allowed to set sail! U.S. equity futures are sharply lower this morning. There doesn’t appear to be an exact cause, but equities have been strong… Read More »
Daily Comment (July 7, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We begin today’s Comment with U.S. politics and some new developments regarding U.S. relations with China and Russia. We then touch on the imminent release of a new strategy paper from the European Central Bank before addressing a few other… Read More »
Daily Comment (July 6, 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 a lengthy discussion of the Chinese government’s latest clampdown on its technology firms. Importantly, we discuss the move’s implications for a range of geopolitical and economic issues. We next turn to general international news,… Read More »