Daily Comment
Daily Comment (February 7, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s employment Friday! We cover the data in detail below, but the quick take is that the data did come in a bit better than forecast. However, the Bureau of Labor Statistics has conducted benchmark revisions and the changes suggest the labor… Read More »
Daily Comment (February 6, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] The rally in equities continues. An update on the Wuhan virus. Good news on trade. Potentially important developments in Germany. Brazil cuts the policy rate. Update on the weekly energy data. Here are the details: Wuhan virus: Although it is clear that… Read More »
Daily Comment (February 5, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Global equities are higher as reports of a potential vaccine are lifting optimism. U.S. considers new trade regulations. A comment on globalization. Good news on cancer. Here are the details: Wuhan virus: The level of reported infections worldwide is 24,627, with 493… Read More »
Daily Comment (February 4, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Optimism on the Wuhan virus; equity markets rise. Iowa caucus fiasco. Syria heats up; Iraq has a new PM. Here are the details: Wuhan virus: There are now 20,696 confirmed infections and 427 fatalities, including one in Hong Kong. Macau announced it… Read More »
Daily Comment (February 3, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy Super Monday! There is a lot going on this morning. We have an update on the Wuhan virus. Chinese equity markets reopen and the PBOC eases. Tensions rise on EU/U.K. trade. Iowa caucuses are tonight. We see a turn in Venezuela. … Read More »
Daily Comment (January 31, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy Super Bowl Friday! It’s also Brexit Day. We update the latest on the Coronavirus. Eurozone GDP comes in weak. Global equities continue to lose ground. Abe appoints a new member to the BOJ. More movement on global tech taxes. Here are… Read More »
Daily Comment (January 30, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s GDP Thursday! We cover the data in detail below but the report came in at 2.0% which was close to forecast. Risk-off returns as global equity markets slump. We update the latest on the Coronavirus. The BOE surprises; the Fed does… Read More »
Daily Comment (January 29, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] BREAKING: Houthi rebels claim they launched a drone and missile attack on Saudi oil facilities; oil prices have rallied on the news. It’s FOMC Day! As we noted yesterday, we don’t expect much from the statement, but the press conference could be… Read More »
Daily Comment (January 28, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Update on the coronavirus and the FOMC meeting begins today. Asian equity markets remain under pressure, but Europe and the U.S. are stabilizing. U.K. defies U.S. on Huawei (002502, CNY 2.99) Here is what we are watching this morning: Coronavirus: The infection… Read More »