Daily Comment
Daily Comment (November 9, 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 on a tear this morning; we are seeing a spike in interest rates, a drop in gold prices, and a surge in oil prices. All this looks like a trade based… Read More »
Daily Comment (November 6, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and Happy Friday! Equity markets are taking a breather this morning, lower after a strong and volatile week. It’s employment day; we cover the data in detail below, but the quick read is that it came in much… Read More »
Daily Comment (November 5, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. Equity markets continue to rally and lead off our coverage this morning. The winter surge in COVID-19 continues to gather pace and comes next in today’s commentary. Central banks are batting third—the FOMC meeting concludes today, and the… Read More »
Daily Comment (November 4, 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 on the U.S. election situation, including a detailed recap of market action in the key asset classes overnight. Believe it or not, there has also been news overseas while we’ve all been… Read More »
Daily Comment (November 3, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with what we know about the U.S. elections so far (naturally, it’s very little). We also review a few key news items from overseas, including a terrorist attack in Vienna. We wrap up with the… Read More »
Daily Comment (November 2, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday. It’s November, we have switched to standard time in much of the country, and tomorrow is election day. Super Typhoon Goni passed through the Philippines over the weekend. Global equities are higher this morning. We… Read More »
Daily Comment (October 30, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF It’s Friday, the last one in October; have a safe Halloween, everyone! Equity markets are back in the red, despite impressive earnings from the large tech firms. China starts our coverage; the plenum session is over, and the next five-year… Read More »
Daily Comment (October 29, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. It’s GDP day! After two brutal down days, mostly driven by worsening infection rates and the lack of fiscal support, equity markets are trying to recover. As expected, GDP had a historic recovery, up 33.1% (q/q% annualized). This… Read More »
Daily Comment (October 28, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Before turning to the daily news, we want to note that our Asset Allocation Rebalance Chart Book for the fourth quarter is now available on Vimeo. In this video, we review our asset allocation process, detail our quarterly portfolio adjustments,… Read More »