Daily Comment
Daily Comment (March 5, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy Thursday! After a strong equity market rally yesterday, which lifted stocks in Asia overnight, Europe turned lower and U.S. equity futures are also falling. We update COVID-19 news. The U.S. won a battle with China over global regulation. Turkey and Russia… Read More »
Daily Comment (March 4, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] After yesterday’s wild rollercoaster ride in the markets, we’re looking for a happier Wednesday. We provide an update to the COVID-19 panic and the confusing policy responses, as well as a recap of yesterday’s Super Tuesday primaries. On a less positive note,… Read More »
Daily Comment (March 3, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s Super Tuesday! By late this evening, we should have a better sense of who is really competitive in the Democrats’ race for a presidential candidate. In the meantime, the COVID-19 virus remains in the spotlight. We provide our usual update and… Read More »
Daily Comment (March 2, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s March! February seemed unusually long this year. There is lots of news this morning. We are seeing some signs of equity market stabilization, but risk-off markets are also doing really well. We update the COVID-19, including China’s PMI data (quick update—it… Read More »
Daily Comment (February 28, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Equity markets around the world continue to spiral lower. Turkey and Syria are on the brink of war and Europe may face another refugee crisis in the midst of COVID-19. U.K. talks tough on trade. Here are the details: COVID-19: There are… Read More »
Daily Comment (February 27, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Global equity markets are down again due to the continued spread of COVID-19. U.S. futures are down this morning. We update the latest on the virus, including some thoughts about the Fed’s reaction function. Despite everything, U.S. housing data is looking remarkably… Read More »
Daily Comment (February 26, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Global equity markets continue under pressure this morning, despite rumors that some Asian “national teams” are trying to support the market. U.S. equity futures are trying to stabilize. We update the COVID-19 news, along with an update on Brexit. Here are the… Read More »
Daily Comment (February 25, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] After a deep selloff yesterday, equity markets around the world are mixed. We are seeing some retreat in the flight-to-safety assets after a massive rally yesterday in gold and Treasuries. As usual, we update news on the COVID-19. The president wraps up… Read More »
Daily Comment (February 24, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s “red Monday” – global equities are taking a hit as the COVID-19 virus is starting to look like a global pandemic. Risk assets are down around the world while most risk-off assets, gold and Treasuries, are rallying. We cover three elections… Read More »