Daily Comment
Daily Comment (March 25, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! U.S. equity markets have turned lower this morning. Our coverage begins with the pandemic, with a focus on the mess that Chancellor Merkel finds herself in with elections coming in autumn. China coverage follows; the diplomatic spat between… Read More »
Daily Comment (March 24, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with the ongoing testimony before Congress from Federal Reserve Chair Powell and Treasury Secretary Yellen. Both officials will wrap up their testimony before the Senate today. We next turn to various overseas developments, including elections in Israel,… Read More »
Daily Comment (March 23, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF In today’s Comment, we first provide an overview of the evolving infrastructure and economic plan being developed within the Biden administration. Complementing the additional fiscal stimulus from that bill, we note that Federal Reserve Chair Powell will begin two days… Read More »
Daily Comment (March 22, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! U.S. equity futures are turning modestly higher as Treasury yields have turned a bit lower this morning. We are seeing a pattern where lower yields tend to lift tech over other sectors. Our coverage begins… Read More »
Daily Comment (March 19, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We have published our latest Weekly Geopolitical Report, which constitutes Part I of our new series on the geopolitics of Central Bank Digital Currencies (CBDC). We also have several other recent multimedia offerings. There is a new chart book recapping… Read More »
Daily Comment (March 18, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! U.S. equity futures have mostly failed to hold yesterday’s gains as long-duration Treasury yields continue to move higher. Our coverage begins with economics and policy with a focus on the FOMC and monetary policy. China news comes next… Read More »
Daily Comment (March 17, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Happy St. Patrick’s Day! Turning to today’s Comment, we open with a preview of the Federal Reserve’s latest policymaking conclave. The meeting decision will be released early this afternoon, followed by a press conference. We also review a range of… Read More »
Daily Comment (March 16, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with a review of the Federal Reserve policy meeting that begins this morning (spoiler alert: no policy change is expected). We then review several important new items from overseas, including signs that the Chinese government is taking… Read More »
Daily Comment (March 15, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, Monday! We have an additional sign of spring, the semiannual clock adjustment. March Madness begins this week, all in one city. U.S. equity futures are ticking higher this morning as Treasury yields are steady to lower. Our coverage… Read More »