Daily Comment
Daily Comment (December 6, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy employment day Friday! We cover the data below, but the quick read is that the report was a blowout—payrolls rose much more than forecast and the unemployment rate fell. It is bullish for equities, bearish for gold and Treasuries. In other… Read More »
Daily Comment (December 5, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s a “Seinfeld” equity market this morning—equity futures are advancing on nothing in particular. Tory optimism is rising. There’s a general strike in France. U.S. is worried about Iran. Here are the details: Brexit: The GBP has been steadily rising in the… Read More »
Daily Comment (December 4, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Yesterday, trade worries with China led to a selloff. This morning, optimism has returned and equities are higher. Protests in Iran turn increasingly deadly. Thoughts on the U.K. elections. Here is what we are watching this morning: Trade: Yesterday, equity markets tumbled… Read More »
Daily Comment (December 3, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Trade worries continue to weigh on equity markets. NATO meeting starts tomorrow. Here is what we are watching this morning: Trade: The trade issue is getting increasingly messy and equity markets are falling. Here are some of the issues: France and tech… Read More »
Daily Comment (December 2, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Welcome back! Hope all had a great holiday; it’s now December, the last month of 2019. Ursula von der Leyen finally gets to take over as head of the EU commission. It’s a modest risk-on morning. Here are the details: China: A… Read More »
Daily Comment (November 27, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Good morning all! Equities are trading stronger as fears of a recession have been calmed by upward revisions to GDP for the third quarter. Below are the stories we will be tracking today: Mexico infrastructure: On Tuesday, Mexico’s government announced the first… Read More »
Daily Comment (November 26, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s very quiet this morning. (N.B. The Wednesday report will be the last one for this week; have a great Thanksgiving.) Chair Powell gave an upbeat speech. Trade negotiations continue. Chairman Xi is having a rough time lately. There was a major… Read More »
Daily Comment (November 25, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Happy Monday! This will be a short week for U.S. markets. (N.B. The Wednesday report will be the last one for this week; have a great Thanksgiving.) It’s a modest risk on day so far. There was some positive trade news. Tories… Read More »
Daily Comment (November 22, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Episode #3 of our Confluence of Ideas podcast is now available. Happy Friday! It’s a slow news day this morning. Financial markets are rather calm. We cover the global PMI data in the foreign section. Here is what caught our attention this… Read More »