Daily Comment
Daily Comment (May 8, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and happy Friday! Global risk markets are rising at the same time Treasury yields are falling. It’s employment Friday; we cover the data below but, suffice it to say, it’s historic and not in a good way. We update the… Read More »
Daily Comment (May 7, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning; it’s the 75th anniversary of Germany’s surrender in WWII. Despite expectations of dreadful labor market data tomorrow, equity futures continue to move higher. The BOE maintains current policy. We update the COVID-19 news. Our Weekly Energy Update can be found… Read More »
Daily Comment (May 6, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Today’s positive market action comes as state governments and countries around the globe continue to ease their coronavirus restrictions. Besides that, it’s also VE Day, and the beginning of National Nurses Week! We review all the virus news below, along with a… Read More »
Daily Comment (May 5, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] The risk-on tenor in the markets today reflects continued scientific progress against the coronavirus and further lockdown easing across the globe, although there are also worries that the easing might come too fast and spark a second wave of infections. Below, we… Read More »
Daily Comment (May 4, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning! It’s employment week; we are expecting a very weak report for April, with the unemployment rate in the 16% area. Equity futures are lower. We update the COVID-19 news. Here are the details: COVID-19: The number of reported cases is… Read More »
Daily Comment (May 1, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning, happy Friday and happy May Day, the international celebration of Labor Day. Most European financial markets will be closed, although Denmark and the U.K. remain open. Equity futures are lower as tensions with China rise, while oil is rallying again. … Read More »
Daily Comment (April 30, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning as another month, that feels like a year, comes to a close. Just a reminder—tomorrow is May Day, the international celebration of Labor Day. Most European financial markets will be closed, although Denmark and the U.K. will remain open. The… Read More »
Daily Comment (April 29, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] The uptick in the markets today comes as coronavirus lockdowns continue to be softened around the world and several drug groups say they could have a COVID-19 vaccine within months. The Fed ends its latest policy meeting today. Overseas, it’s still a… Read More »
Daily Comment (April 28, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Market sentiment continues to get a boost from the fact that many foreign governments and various U.S. states are easing their coronavirus restrictions. As always, we review all the latest virus news below. We also provide an update on the continued mystery… Read More »