Daily Comment
Daily Comment (September 8, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a discussion of the weekend’s big developments in the U.K.-EU trade negotiations. We also discuss the latest new tensions between the U.S. and China, and, as always, we provide a recap of the latest coronavirus… Read More »
Daily Comment (September 4, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Happy employment Friday! We cover the data below, but the quick take is that it was stronger than forecast. Well, after a steady rise, equity markets took a hit yesterday. They are recovering this morning, although tech remains under pressure.… Read More »
Daily Comment (September 3, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Perhaps the biggest news this morning is that equity markets are set to open lower. Equities have continued to rally in an orderly fashion, with the major indices setting new record highs. Stocks have been lifted by improving earnings, low… Read More »
Daily Comment (September 2, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today, on the 75th anniversary of the end of World War II, we discuss the latest signs of new fiscal and monetary stimulus in the U.S. and indications that policymakers in Europe may take steps to weaken the euro. We… Read More »
Daily Comment (September 1, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF In today’s Comment, we discuss the latest example of renewed U.S.-Russia military tensions, as well as recent developments in the race to succeed Japanese Prime Minister Abe. Today’s purchasing managers’ indexes out of China and Europe were generally positive, suggesting… Read More »
Daily Comment (August 31, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Happy Monday on this last day of August. Risk markets are quietly higher this morning. We begin with Japan, as leaders of the LDP jockey to replace Abe. We update the situation in Belarus and then discuss other foreign news. … Read More »
Daily Comment (August 28, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Happy Friday! Equity markets are moving higher this morning; we cover the consumer spending data below. There is a lot happening today. PM Abe, suffering from chronic digestive track issues, has resigned. We recap the historic Powell speech from yesterday. … Read More »
Daily Comment (August 27, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. After hitting another new high yesterday, S&P futures are consolidating this morning. There is a lot to get through today; the first revision to GDP is out and is covered below. We lead off with Chair Powell speaking… Read More »
Daily Comment (August 26, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF It’s a pretty quiet news day today, which is probably fitting for the dog days of summer. Unfortunately, the lack of news also means there’s still no discernible progress on the next coronavirus relief bill in Congress. Another negative is… Read More »