Research & News

Daily Comment (September 10, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Equity markets were mostly flat to higher this morning, generally holding yesterday’s recovery. The ECB meets this morning; there was pre-meeting speculation that the ECB may try to weaken the EUR.  As we note below, this didn’t occur.  We lead… Read More »

Daily Comment (September 9, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today includes a discussion of the recent rout in large cap tech stocks and where we go from here, as well as an update on the latest coronavirus news.  As always, we also discuss the day’s key… Read More »

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 »

Asset Allocation Weekly (September 4, 2020)

by Asset Allocation Committee | PDF (NB: Due to the Labor Day holiday, the next report will be published on September 18.) The U.S. economy is driven primarily by consumer spending.  In 2019, for example, personal consumption expenditures on goods and services accounted for 67.9% of U.S. gross domestic product (GDP).  For the economy to… 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 »

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