Daily Comment
Daily Comment (July 14, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our latest Confluence of Ideas podcast episode is now available, titled “The 2020 Election: Part 2.” In our “2020 Geopolitical Outlook,” we named the 2020 U.S. election as a key event. Our recent five-part Weekly Geopolitical Report series examined this… Read More »
Daily Comment (July 13, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! Global equity markets are higher this morning. There is a good deal of foreign news today, including Poland’s election news and Turkey’s controversial move to change a museum into a mosque. China will be next… Read More »
Daily Comment (July 10, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and happy Friday! Being Friday, there is a new Asset Allocation Weekly, associated podcast and chartbook, all available for the weekend. U.S. equity futures and global equities are taking a breather. Conditions with China continue to deteriorate. It looks like… Read More »
Daily Comment (July 9, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning. Global equities are higher as Chinese markets continue on a tear. News on China leads our commentary this morning. Our usual update of the pandemic follows, along with foreign news, an update on policy, market action and the economy. The… Read More »
Daily Comment (July 8, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Despite rising stock markets overseas, sentiment in the U.S. markets today seems finely balanced between optimism about post-virus economic reopenings and accommodative policies on the one hand and the reality of resurgent infections and renewed lockdowns in some locales on the other… Read More »
Daily Comment (July 7, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Risk assets are under pressure this morning in part because of multiple reports pointing to the reimposition of coronavirus lockdowns in some locales and the risk of halting, prolonged economic recovery. On top of that, geopolitical tensions between the Western democracies and… Read More »
Daily Comment (July 6, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning, and happy Monday! U.S. equity futures and global equity markets are moving higher this morning led by China after comments in the state media suggested it’s good to buy stocks. We update the pandemic news. China has several news items… Read More »
Daily Comment (July 2, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning, and happy Thursday! This is the last trading day of the week before the Independence Day holiday, so there will be no Daily Comment tomorrow; enjoy the holiday! Global equity markets are higher this morning on improving global economic data. … Read More »
Daily Comment (July 1, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] A slew of purchasing managers’ indexes from around the world today show manufacturing activity is either growing again, or declining at a much milder pace than at the initial peak of the coronavirus crisis (see tables below). However, renewed infection outbreaks and… Read More »