Daily Comment
Daily Comment (October 12, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. It’s Columbus Day, so commercial bank operations are partially closed. There is no official market for Treasuries today, although you can still trade Treasury futures. Equity markets are working higher this morning. Judge Barrett’s confirmation process begins this… Read More »
Daily Comment (October 9, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Friday. Hurricane Delta is expected to make landfall in Louisiana today. U.S. equity futures continue to trend higher this morning. Since stimulus hopes are supporting the rally, we begin with commentary on the state of negotiations. … Read More »
Daily Comment (October 8, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Hydrogen Day (its atomic weight is 1.008, or “10-08”). Equity markets continue to move higher; although the S&P 500 remains below its recent peak, the market remains resilient. Today’s commentary starts with the FOMC minutes. We… Read More »
Daily Comment (October 7, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with a discussion of the latest coronavirus news. We haven’t led off with pandemic news very often in recent months, given that authorities and scientists are gradually getting their hands around the crisis. Today, however,… Read More »
Daily Comment (October 6, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today provides the latest details on President Trump’s bout with the coronavirus and related election news. We also discuss various geopolitical and economic developments overseas, including the new hot spots in the Caucasus and Central Asia (we… Read More »
Daily Comment (October 5, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! Equity markets continue to work higher this morning. We lead off with the president’s condition. Policy news follows, which will focus on the potential for further stimulus. There are three international areas of concern this… Read More »
Daily Comment (October 2, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF The big news this morning is that President Trump and the First Lady have contracted COVID-19. U.S. equity markets are in full retreat on the news. We address some of the potential ramifications. It’s also employment Friday; we cover the… Read More »
Daily Comment (October 1, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF It’s the first day of the fourth quarter and the start of China’s “Golden week.” The EU begins its summit today. U.S. equity markets continue their rally this morning; Tokyo markets were affected by a technical glitch. We begin our… Read More »
Daily Comment (September 30, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today provides a short recap of last night’s presidential debate, as well as an update on the fighting in Nagorno-Karabakh. Next is a discussion of today’s positive economic data out of China. We also discuss some new… Read More »