Daily Comment
Daily Comment (April 29, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] The uptick in the markets today comes as coronavirus lockdowns continue to be softened around the world and several drug groups say they could have a COVID-19 vaccine within months. The Fed ends its latest policy meeting today. Overseas, it’s still a… Read More »
Daily Comment (April 28, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Market sentiment continues to get a boost from the fact that many foreign governments and various U.S. states are easing their coronavirus restrictions. As always, we review all the latest virus news below. We also provide an update on the continued mystery… Read More »
Daily Comment (April 27, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and happy Monday! It’s central bank week; the BOJ has spoken, while the Fed and ECB meet later this week. Equity futures are pointing to another higher opening and there are widespread reports of nations easing social distancing measures. Oil… Read More »
Daily Comment (April 24, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning! Equity futures are pointing to a modestly higher opening; oil prices are also higher. We update the COVID-19 news. Here are the details: COVID-19: The number of reported cases is 2,721,354 with 191,231 deaths and 745,605 recoveries. In the U.S.,… Read More »
Daily Comment (April 23, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning! Ramadan begins this evening. Equities are steady this morning as financial markets digest historically weak economic data out of Europe. Meanwhile, oil prices continue to recover; we update our views on oil in this week’s Weekly Energy Update. We also… Read More »
Daily Comment (April 22, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Today is Earth Day and also Lenin’s birthday. But please don’t accuse us of implying a connection! Rather, we’re focused today on the latest coronavirus news, including the Senate’s passage of new PPP funds, and signs that oil prices may be stabilizing.… Read More »
Daily Comment (April 21, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Happy Tuesday! Or if not “happy,” at least things are “interesting.” U.S. oil prices yesterday not only went negative, but deeply negative. As always, we discuss the coronavirus crisis and its latest implications below, along with reports of a new government in… Read More »
Daily Comment (April 20, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and happy Monday! Equities are lower this morning, but the market catching most of the attention is oil. In equities, there is a large short position developing against the S&P 500. We update the COVID-19 news. Here are the details:… Read More »
Daily Comment (April 17, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and happy Friday! Equities are rebounding this morning on a positive drug trial. China’s GDP turns negative. We update the COVID-19 news. Here are the details: COVID-19: The number of reported cases is 2,169,022 with 146,071 deaths and 522,264 (yes,… Read More »