Daily Comment
Daily Comment (June 25, 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. We begin with a discussion about the impact that transitory effects may have on the global economy. International news follows, with reports on India restoring… Read More »
Daily Comment (June 24, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! Risk assets are trending higher this morning. Although the Fed scare remains in the background, as the markets become accustomed to the change in tone, we are seeing a resumption in earlier trends. China news leads our coverage… Read More »
Daily Comment (June 23, 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 regarding U.S. monetary and fiscal policy, followed by news that a socialist may be poised to become the mayor of a major U.S. city for the first time in decades. Next, we… Read More »
Daily Comment (June 22, 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 the latest developments regarding U.S. monetary and fiscal policy. We follow that with news on the growing push for tighter antitrust regulation–including in college sports! We then cover various international developments before wrapping up… Read More »
Daily Comment (June 21, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Happy Monday, the day after the summer solstice. Days will get shorter from here! We are watching the destruction waged by TS Claudette that moved through the Southeast over the weekend. The storm is on its way back to the… Read More »
Daily Comment (June 18, 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 lower open this morning. Today’s report begins with a discussion on the surge in reverse repos. International news follows, with reports on the Iranian presidential election and Nicholas Maduro… Read More »
Daily Comment (June 17, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We begin this morning in the wake of the Fed surprise. As we discuss in detail below, the Fed made a hawkish turn, and we are getting the expected reaction—equities are lower, the dollar is up, and precious metals and… Read More »
Daily Comment (June 16, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We open today’s Comment with loads of U.S. policy news, followed by remarks on today’s U.S.-Russia summit meeting. We next discuss a wide range of international developments. We close with the latest news about the coronavirus pandemic. Finally, with the… Read More »
Daily Comment (June 15, 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 news related to President Biden’s trip to Europe. Not only is there a lot of political news in Europe, but European stocks have posted a string of records. We also discuss the start of… Read More »