Daily Comment
Daily Comment (October 14, 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 the International Monetary Fund’s improved outlook for the global economy, though much of the improvement simply reflects China’s early exit from the coronavirus pandemic. Other key developments today include Chinese President… Read More »
Daily Comment (October 13, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today provides more detail on the Bank of England’s possible future move to adopt negative interest rates, which we flagged yesterday before details were available. We also review some good news on Chinese trade statistics, although that… Read More »
Daily Comment (October 12, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. It’s Columbus Day, so commercial bank operations are partially closed. There is no official market for Treasuries today, although you can still trade Treasury futures. Equity markets are working higher this morning. Judge Barrett’s confirmation process begins this… Read More »
Daily Comment (October 9, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Friday. Hurricane Delta is expected to make landfall in Louisiana today. U.S. equity futures continue to trend higher this morning. Since stimulus hopes are supporting the rally, we begin with commentary on the state of negotiations. … Read More »
Daily Comment (October 8, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Hydrogen Day (its atomic weight is 1.008, or “10-08”). Equity markets continue to move higher; although the S&P 500 remains below its recent peak, the market remains resilient. Today’s commentary starts with the FOMC minutes. We… Read More »
Daily Comment (October 7, 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 the latest coronavirus news. We haven’t led off with pandemic news very often in recent months, given that authorities and scientists are gradually getting their hands around the crisis. Today, however,… Read More »
Daily Comment (October 6, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today provides the latest details on President Trump’s bout with the coronavirus and related election news. We also discuss various geopolitical and economic developments overseas, including the new hot spots in the Caucasus and Central Asia (we… Read More »
Daily Comment (October 5, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! Equity markets continue to work higher this morning. We lead off with the president’s condition. Policy news follows, which will focus on the potential for further stimulus. There are three international areas of concern this… Read More »
Daily Comment (October 2, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF The big news this morning is that President Trump and the First Lady have contracted COVID-19. U.S. equity markets are in full retreat on the news. We address some of the potential ramifications. It’s also employment Friday; we cover the… Read More »