Daily Comment
Daily Comment (June 14, 2021)
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 mostly flat this morning. We are seeing sharply lower gold prices, most likely because cryptocurrencies have stopped declining. Our coverage begins with the FOMC, which holds a policy meeting this week. … Read More »
Daily Comment (June 11, 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 an update on the infrastructure spending negotiations and an in-depth analysis of the CPI report. International news follows, with reports of… Read More »
Daily Comment (June 10, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! It’s ECB day as the Eurozone’s central bank holds its regular meeting. It’s also CPI day; we cover the data below, but consumer inflation came in higher than expected. Overnight, U.S. equity futures were mostly steady in front… Read More »
Daily Comment (June 9, 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 some early responses to the G7’s call for a global minimum tax rate on corporations. In a word, it looks like pretty tough sledding for the proposal. Next, we move to U.S. fiscal and… Read More »
Daily Comment (June 8, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We open today’s Comment with a range of reports that ultimately touch on technology, Taiwan, and China. We also explore important trade news out of Europe and new developments in the Peruvian presidential election, where it now looks like a… Read More »
Daily Comment (June 7, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, and happy Monday! In the wake of Friday’s rally, U.S. equity futures are mostly steady this morning. Our coverage begins with a look at the G-7 agreement to set a minimum corporate tax. Up next is the president’s… Read More »
Daily Comment (June 4, 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 an update on the infrastructure spending negotiations. International news follows, with reports of new sanctions on Belarus and the EU-U.K. probing… Read More »
Daily Comment (June 3, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with an overview of yesterday’s “Beige Book” report from the Federal Reserve, which pointed to accelerating economic growth but continued inflation pressures. Sticking with the inflation theme, we then review the latest UN data on global food… Read More »
Daily Comment (June 2, 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 sideways open this morning as investors remain cautious following recent market events in oil and cybersecurity. Today’s report begins with a summary of the cyberattack on the largest meat… Read More »