Daily Comment
Daily Comment (June 4, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning. It’s ECB day! The ECB continues to support the EU economy. It’s June 4, the 31st anniversary of the Tiananmen Square Massacre; we note China is playing up the current U.S. civil unrest as a counterpoint to Beijing’s actions in… Read More »
Daily Comment (June 3, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Our newest podcast episode, “The Long-Term Effects of COVID-19,” is available. We continue to build on themes discussed in the previous episode, “The Lessons of History,” in which we examined the effects of earlier pandemics. In this episode, we discuss how the… Read More »
Daily Comment (June 2, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] The general uptrend in risk assets continues to stem mostly from the gradual easing of coronavirus lockdowns and progress on vaccines and treatments. Today’s market action also reflects signs that the major oil-producing countries will extend their production cuts, which has boosted… Read More »
Daily Comment (June 1, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning. It’s Monday and the beginning of another month. Global equities are mixed this morning, although we do note the Hang Seng rallied. Over the weekend, civil disorder occurred around the U.S. We discuss the latest with China. The G-7 was… Read More »
Daily Comment (May 29, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and happy Friday! Global equities are softer this morning as tensions between the U.S. and China continue to rise. We discuss the latest with China. As usual, we update what we know about COVID-19. The Weekly Energy Update is available. … Read More »
Daily Comment (May 28, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning! Global equities are steady to higher this morning after a continued strong march higher. We update the COVID-19 situation; the U.S. death toll now exceeds 100k. We discuss the Hong Kong/China situation. The Beige Book was released yesterday. We are… Read More »
Daily Comment (May 27, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Risk assets appear set to follow through on their rise yesterday, reflecting not only more signs of a nascent economic recovery from the coronavirus crisis, but also a slew of new stimulus measures in the U.S., Europe and Japan. We highlight all… Read More »
Daily Comment (May 26, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] The rally in risk assets around the globe today comes as coronavirus restrictions continue to be lifted around the world, economic activity starts to increase again, and more potential vaccines make their way into trials. So far today, those bright spots are… Read More »
Daily Comment (May 22, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and Happy Friday! As a reminder, financial markets will be closed on Monday, so the next Daily Comment will come to you on Tuesday. Hong Kong tensions are depressing global equity markets. We cover the crackdown on Hong Kong. As… Read More »