Daily Comment

Daily Comment (September 24, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, all.  Equity markets are marking time this morning, but the market tone isn’t very good.  A general market comment leads our coverage this morning.  The virus update comes next.  China news follows.  We close with economic, policy, and… Read More »

Daily Comment (September 23, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today discusses the state-of-play on Supreme Court politics in the U.S. and the initial passage of a vote that is keeping the federal government funded through December.  Those developments are positive and are probably helping to give… Read More »

Daily Comment (September 22, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF In our Daily Comment today, we discuss the latest new sources of tension between the U.S. and China.  That tension remains one of the key risks for global markets, ranking right up there with the economic impact of the coronavirus… Read More »

Daily Comment (September 21, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning.  It’s Monday and there is a lot going on.  Equity markets are down sharply across the world; we suspect fears of political turmoil are adversely affecting financial markets.  We lead off with comments surrounding the death of Justice… Read More »

Daily Comment (September 18, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Friday!  It’s a quadruple “witching day,” the day when stock index futures, single stock futures and their associated options expire.  It is not unusual to see heightened volatility on such days.  Equity markets are mostly stable,… Read More »

Daily Comment (September 17, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning!  Equity markets are sharply lower this morning; the Fed is being blamed.  We begin our comments today with the Fed; the U.S. central bank held its usual meeting.  Second, we offer a few thoughts about the historic Abraham… Read More »

Daily Comment (September 16, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today focuses on the Federal Reserve, highlighting what to expect from its policymaking meeting today, discussing one key result of its ultra-loose policy, and describing the latest developments regarding Judy Shelton’s nomination to the Fed’s board.  We… Read More »

Daily Comment (September 15, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today focuses on some positive coronavirus developments, including further progress on vaccines and treatments, policymakers’ reluctance to reimpose mass lockdowns, and a broadening economic recovery in China.  Those developments go far toward explaining the solid bid for… Read More »

Daily Comment (September 14, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Happy Monday!  U.S. equity futures are recovering strongly this morning.  The Fed meets this week; although no new policy measures are expected, we look for the press conference to push for additional fiscal spending.  Tropical Storm Sally (we are on… Read More »

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