Daily Comment
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 »
Daily Comment (August 25, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF The newest Confluence of Ideas podcast episode, “The Dollar and the Eurobond,” is available today! This episode looks at the decision by the EU to create a mutualized bond, a debt instrument backed by the full faith and credit of… Read More »
Daily Comment (August 24, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF It’s Monday and the last full week of August (that month went by fast, didn’t it?)! There is a lot going on this morning. We have twin tropical storms, one already in the Gulf of Mexico and the other on… Read More »
Daily Comment (August 21, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Happy Friday! Equity futures are mostly marking time this morning. We lead off with foreign news; Iran, North Korea, and Russia are the focus. We also update news on China, followed by policy news and the latest on the pandemic. … Read More »