Daily Comment
Daily Comment (November 20, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Friday! Equity futures sold off overnight but have recovered from much of their losses. We lead off today’s coverage with the Treasury’s decision to end support for a series of Federal Reserve backstop programs. Pandemic news… Read More »
Daily Comment (November 19, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy World Philosophy Day! The winter surge in the pandemic is weighing on risk markets this morning. We update the progress of the Eurobond; delays have cropped up. We also update the EU’s stance on tech firms. … Read More »
Daily Comment (November 18, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with the latest news regarding the U.S. presidential election and transition. In sum, all trends in terms of legal challenges and transition procedures appear to be moving in favor of Vice President Biden. We also… Read More »
Daily Comment (November 17, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with U.S. political and policy news. We also discuss new challenges for both Chinese bonds and Chinese equities. In the pandemic arena, we note the continued resurgence in infections in both the U.S. and Europe,… Read More »
Daily Comment (November 16, 2020)
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 higher again this morning on positive vaccine news (see below). We start our coverage this morning with the new Asian trade agreement. Political turmoil in Peru is up next. There is… Read More »
Daily Comment (November 13, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Friday the 13th! U.S. equity futures are rebounding after a drop yesterday. We lead off with the Fed, with a recant of yesterday’s thoughts about the two open governor positions; we also note the comments from… Read More »
Daily Comment (November 12, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! U.S. equity futures are a bit lower this morning. Tropical Storm Eta is hitting Jacksonville, FL, today and is on its way up the Southern Atlantic Seaboard this weekend. Although TS Theta won’t get anywhere near the U.S.,… Read More »
Daily Comment (November 11, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with the latest news on the U.S. presidential transition and yesterday’s Supreme Court hearings on the Affordable Care Act. We follow that with some unfriendly market news out of China and various other international developments,… Read More »
Daily Comment (November 10, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with the latest developments in the post-election political and legal maneuvering. Naturally, we follow that with a discussion of coronavirus news and what to expect after yesterday’s blockbuster announcement regarding the vaccine development by Pfizer… Read More »