Daily Comment
Daily Comment (October 20, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. Comments will be brief today due to a mix-up on coverage (blame Bill—senior moment!). Risk markets are mostly marking time this morning. China and property taxes: As we have been reporting at length recently, the real estate sector… Read More »
Daily Comment (October 19, 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 several global issues, ranging from magnesium supply shortages that could further crimp automobile output to a new pilot project on central bank digital currencies in France. We next review the latest real estate developer… Read More »
Daily Comment (October 18, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! Risk markets are lower this morning as Treasury yields rise. Our coverage begins with China news this morning, including comments on weak Q3 GDP. Economics and policy are next, where we look at the progress… Read More »
Daily Comment (October 15, 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 pointing higher this morning. Today’s report begins with our thoughts on EU and U.K. trade relations. Afterward, we review international news followed by U.S. economics and policy coverage. China news is next, and we… Read More »
Daily Comment (October 14, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. Bank earnings reports are giving a bullish tone to the equity markets this morning. Our coverage begins with the Federal Reserve; the FOMC released its minutes yesterday. Economics and policy come next. Inflation worries are rising. Crypto news… Read More »
Daily Comment (October 13, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment begins with several developments related to major global issues, including the current state of economic growth, supply chains, and energy supplies. We then review various international and U.S. news items, including the Social Security Administration’s latest cost-of-living adjustments… Read More »
Daily Comment (October 12, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with several big and broad crises, including the global energy crunch, China’s clampdown on private firms, and Chinese debt issues. We also cover other foreign and U.S. developments, and we wrap up with the latest on the… Read More »
Daily Comment (October 11, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. It’s Columbus Day and Indigenous People’s Day. Being a commercial bank holiday, the Treasury market is closed, although Treasury futures are trading and would suggest interest rates will continue to rise. It’s also a government holiday, meaning there… Read More »
Daily Comment (October 8, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! Today’s report begins with our thoughts on China-U.S. trade relations. We then review various international news items followed by U.S. economics and policy. China news is next, and we end with our pandemic coverage. China-U.S.: Tensions between the… Read More »