Daily Comment
Daily Comment (May 6, 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 mostly steady this morning. Our coverage starts with Facebook. Next is coverage of the U.K. local elections along with other international news followed by our pandemic coverage, including a look at the Biden administration’s… Read More »
Daily Comment (May 5, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with Treasury Secretary Yellen’s gaffe – or Freudian slip – on rising inflation and interest rates. Even though she has tried to walk that statement down, it will likely play into suspicions that the Federal Reserve may… Read More »
Daily Comment (May 4, 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 yet another Federal Reserve official hammering home the message that U.S. monetary policy is likely to remain loose for as far as the eye can see. Besides that, it’s been a relatively slow news… Read More »
Daily Comment (May 3, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! It’s Monday and the first trading day of May. Various global markets are closed or seeing light trading today due to lingering May Day celebrations. U.S. equity futures are trending higher this morning. Economics and policy lead off… Read More »
Daily Comment (April 30, 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 lower this morning as weak GDP from Europe and concerns about rising COVID-19 cases in emerging markets have weighed on market sentiment. There was a lot of overnight news. We start… Read More »
Daily Comment (April 29, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning on this GDP day. We cover the data in detail below, but the short take is that the data came in a bit below forecast. Although consumption was robust, falling inventories reduced the overall number. U.S. equity futures… Read More »
Daily Comment (April 28, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with key U.S. policy news. The Federal Reserve wraps up its latest policy meeting this afternoon, with no change expected in its massive monetary stimulus program. This evening, President Biden will propose his latest new spending program,… Read More »
Daily Comment (April 27, 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 U.S. political and policy news, followed by various international developments that could affect the financial markets and the investment backdrop today. We end with the latest news related to the coronavirus… Read More »
Daily Comment (April 26, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday, the last one in April! U.S. equity futures are mostly steady this morning as investors await a plethora of earnings reports this week. Our coverage begins with the pandemic, and we are watching India’s caseloads… Read More »