Daily Comment
Daily Comment (October 21, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today again opens with coronavirus news, based on investors’ strong interest in negotiations over a possible new pandemic relief bill out of Congress. The big news there is simply that the talks are continuing. After the pandemic… Read More »
Daily Comment (October 20, 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 coronavirus news, given that optimism over a last-minute deal on pandemic relief legislation seems to be supporting the risk markets so far this morning. As we note after the coronavirus section, however,… Read More »
Daily Comment (October 19, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning; it’s Monday. U.S. equity futures are moving higher, the World Series is set (congrats to Tampa Bay and Los Angeles), and there is a plethora of news to discuss. China’s GDP confirms the recovery is gathering steam. We… Read More »
Daily Comment (October 16, 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 mostly steady this morning. Although it isn’t definitive, news out of the U.K. suggests a hard Brexit may be coming. We start with the latest on this topic. Stimulus news follows. China… Read More »
Daily Comment (October 15, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. Equity markets are pointing to a lower opening; stalled stimulus and rising COVID-19 cases are the likely culprits. We lead with China today, with a particular focus on Taiwan/U.S. relations. Pandemic news is next. As winter approaches, we… Read More »
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 »