Daily Comment
Daily Comment (March 9, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Global equities suffered a deep slide overnight; equity futures fell to limit down levels, so we are not sure how far they will decline on the open. The 30-year Treasury yield broke 1% and the 10-year T-note has fallen below 50 bps. … Read More »
Daily Comment (March 6, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s Friday employment day, although the data is mostly irrelevant. This report covers February, before COVID-19 hit the U.S. economy. We detail the data below, but the quick read is that the data was very strong. As has been our practice, we… Read More »
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 »