Daily Comment
Daily Comment (May 4, 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 yet another Federal Reserve official hammering home the message that U.S. monetary policy is likely to remain loose for as far as the eye can see. Besides that, it’s been a relatively slow news… Read More »
Daily Comment (May 3, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! It’s Monday and the first trading day of May. Various global markets are closed or seeing light trading today due to lingering May Day celebrations. U.S. equity futures are trending higher this morning. Economics and policy lead off… Read More »
Daily Comment (April 30, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, all! U.S. equities are expected to open lower this morning as weak GDP from Europe and concerns about rising COVID-19 cases in emerging markets have weighed on market sentiment. There was a lot of overnight news. We start… Read More »
Daily Comment (April 29, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning on this GDP day. We cover the data in detail below, but the short take is that the data came in a bit below forecast. Although consumption was robust, falling inventories reduced the overall number. U.S. equity futures… Read More »
Daily Comment (April 28, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with key U.S. policy news. The Federal Reserve wraps up its latest policy meeting this afternoon, with no change expected in its massive monetary stimulus program. This evening, President Biden will propose his latest new spending program,… Read More »
Daily Comment (April 27, 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 a range of U.S. political and policy news, followed by various international developments that could affect the financial markets and the investment backdrop today. We end with the latest news related to the coronavirus… Read More »
Daily Comment (April 26, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday, the last one in April! U.S. equity futures are mostly steady this morning as investors await a plethora of earnings reports this week. Our coverage begins with the pandemic, and we are watching India’s caseloads… Read More »
Daily Comment (April 23, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning all! U.S. equities are expected to open higher this morning as optimism grows over a potential infrastructure package. We have a full slate of news to cover today. The report will start with a discussion on Biden’s tax… Read More »
Daily Comment (April 22, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, and happy Earth Day! It’s a busy Thursday, with lots of items to cover. U.S. equity futures are steady to lower this morning. Our coverage begins with Biden’s two-day climate summit. The ECB holds its meeting, and we… Read More »