Daily Comment
Daily Comment (January 20, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Our Comment today opens with U.S. political news related to Joe Biden’s inauguration as president today. We next turn to overseas news, focusing mostly on Chinese and Japanese developments. As always, we end with a discussion of the latest on… Read More »
Daily Comment (January 19, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Our Comment today opens with the latest news on President-Elect Biden’s incoming administration, followed by a discussion of China’s success in growing its economy in 2020. We also touch on other key foreign news before turning to the latest developments… Read More »
Daily Comment (January 15, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Good morning. Equity markets are trending lower following Biden’s announcement of additional stimulus. Despite markets being relatively bullish on fiscal stimulus, there is growing concern that the $1.9 trillion price tag may make it harder to pass through Congress. We… Read More »
Daily Comment (January 14, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Good morning. Equity markets are moving higher despite the continued lift in interest rates. Our coverage begins with affairs in Washington, the impeachment, and policy. China news comes next. There is an update on the breadth of stock purchase bans… Read More »
Daily Comment (January 13, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Our Comment today opens with a brief review of U.S. political and policy news, as momentum builds for the second impeachment of President Trump. We then review key international developments and, as always, the latest on the coronavirus pandemic and… Read More »
Daily Comment (January 12, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Our Comment today opens with a discussion of the latest U.S. political news, but since the markets have largely looked past the recent turmoil, we don’t go into great detail on the issue. We quickly move on to the latest… Read More »
Daily Comment (January 11, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Good morning. Equity markets are weaker this morning. Numerous reasons are causing this weakness. Political unrest, rising COVID-19 infections, and the simple fact that markets don’t rally in a straight line are all part of today’s decline. The underlying factors… Read More »
Daily Comment (January 8, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF The Asset Allocation Weekly is available here. Good morning. Today U.S. equity futures are elevated as investors anticipate more fiscal stimulus. A slowdown in job creation and a Democrat majority in both houses likely supports the case for more expansionary… Read More »
Daily Comment (January 7, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] | PDF Where do we start? Yesterday witnessed violent protests in the legislative buildings in Washington that disrupted the confirmation of the Electoral College vote. We discuss the event below. Equity markets are higher again this morning, with the dollar recovering modestly. … Read More »