Daily Comment
Daily Comment (May 28, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, all! U.S. equities are expected to open higher this morning as President Biden’s new budget proposal caused a boost in investor optimism. Today’s report starts off with a brief summary of the $6 trillion proposal. International news follows,… Read More »
Daily Comment (May 27, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. It’s mostly a down day for risk assets in the U.S. this morning. Our coverage begins with economics and policy, with a crypto update to follow. China news is next. Our international roundup comes after, and we close… Read More »
Daily Comment (May 26, 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 state of play on President Biden’s proposed spending program on infrastructure and other economic initiatives. We follow with several items related to technology, cybersecurity, cryptocurrencies, and tech regulation. We then address miscellaneous international news… Read More »
Daily Comment (May 25, 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 details on the Belarusian “state hijacking” and its impact on geopolitical relations between the U.S., Europe, and Russia. We then continue with other international news ranging from China and Russia to Turkey… Read More »
Daily Comment (May 24, 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 higher this morning. The Northern Hemisphere’s hurricane season runs from June 1 to November 1, but recently it has become common for storms to form early. NOAA has named Ana the… Read More »
Daily Comment (May 21, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, all! U.S. equities are expected to open higher this morning as investor optimism has been bolstered by strong economic data and positive earnings reports. Today’s report starts off with a brief update of the conflict between Israel and… Read More »
Daily Comment (May 20, 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 lower, although off the worst levels of the session. Other assets, like commodities and crypto, have also come under pressure. Our coverage kicks off with the Fed minutes, which roiled financial markets. We follow… Read More »
Daily Comment (May 19, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with another broadside from Larry Summers against the current stance of U.S. monetary and fiscal policy. Inflation hawks will likely be quite satisfied with his latest criticisms. We next examine a new threat to private cryptocurrencies out… Read More »
Daily Comment (May 18, 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 range of global news developments, touching primarily on the energy industry and the Middle East. The Israeli-Hamas conflict remains a major story, although there has been little to no direct impact on the… Read More »