Daily Comment
Daily Comment (December 19, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] N.B. A couple of items. First, the Daily Comment will go on hiatus from Dec. 23, 2019 to Jan. 1, 2020. Publication will resume on Jan. 2, 2020. Second, the fifth episode of the Confluence of Ideas podcast has been posted. “Arriving… Read More »
Daily Comment (December 18, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Good morning, all. So far, the overnight news has been relatively mum as fears of an ongoing trade war appear to be dissipating. Meanwhile, rising concerns of a “hard” Brexit have weighed on the pound. Below are the stories we will be… Read More »
Daily Comment (December 17, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Good morning from snowy St. Louis! It’s a relatively quiet morning, but there are some developments to note. It turns out the risk of a hard Brexit hasn’t entirely been eliminated, and French unions are threatening to play the Grinch for Christmas. … Read More »
Daily Comment (December 16, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy Monday! Equities are lifting this morning on continued trade optimism, despite some creeping concerns. Economic data around the world was mixed; solid for China, weak for the Eurozone. More debt worries for China. Here are the details: Trade: First, the Phase… Read More »
Daily Comment (December 13, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy Friday the 13th! For the past four years, financial markets have been dealing with elevated levels of uncertainty. The issue of Brexit dominated the EU, policy shifts by the Trump administration and assertive policies from China all contributed to uncertainty. This… Read More »
Daily Comment (December 12, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Markets are quiet today but there is a lot going on. The U.K. is voting today; so is Algeria. Israel is facing yet another election. Legarde holds her first ECB meeting. We recap the Fed meeting. The trade situation is updated. We… Read More »
Daily Comment (December 11, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Looking for something to listen to while shopping? Episode #4 of the Confluence of Ideas Podcast is now available. It’s all about the Equality/Efficiency Cycle. Enjoy!\ Happy Fed Day! The FOMC meets today; there are no expectations of a rate change, but… Read More »
Daily Comment (December 10, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Looking for something to listen to while shopping? Episode #4 of the Confluence of Ideas Podcast is now available. It’s all about the Equality/Efficiency Cycle. Enjoy! Equities were trending lower this morning; worries about new tariffs scheduled for Dec. 15th were blamed. … Read More »
Daily Comment (December 9, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Looking for something to listen to while shopping? Episode #4 of the Confluence of Ideas Podcast is now available. It’s all about the Equality/Efficiency Cycle. Enjoy! Happy Monday! It’s a busy week, with the Fed and ECB meeting, elections in the U.K.… Read More »