Daily Comment
Daily Comment (December 2, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with a discussion of President-elect Biden’s economic team, which was formally introduced yesterday. We then cover developments related to Brexit, the EU’s proposed coronavirus recovery fund, mutualized debt, and other international issues. We end with… Read More »
Daily Comment (December 1, 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 as President-elect Biden builds out his policy team. It now appears his nominee for the Office of Management and Budget (OMB) is generating congressional pushback. We then review key international developments,… Read More »
Daily Comment (November 30, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday, the last day of November! We’re back after a few days off. U.S. equity futures are lower this morning in a quiet trade. Gold continues to decline as well; we comment below. We lead off… Read More »
Daily Comment (November 24, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today opens with news related to the presidential election and transition. The Trump administration is now allowing Vice President Biden’s team to access federal resources for the transition of power, and the resulting reduction in uncertainty is… Read More »
Daily Comment (November 23, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! Equities are higher this morning as a third vaccine candidate shows promise. We begin our coverage with a recap of the G-20. Not much happened, so it will be short. We include foreign policy news.… Read More »
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 »