Daily Comment
Daily Comment (October 2, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] It’s another risk-off day so far this morning. Residual worries about the economy continue to dominate. Here is what we are watching this morning: Reviewing ISM manufacturing: As you are all aware by now, the ISM manufacturing data for September came in… Read More »
Daily Comment (October 1, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Happy Q4! Although there is a lot of news, not much is market-moving. A poorly received bond auction in Japan has lifted bond yields around the world. Here is what we are watching this morning: China’s anniversary: China held its 70th anniversary… Read More »
Daily Comment (September 30, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Happy Monday! It’s the last day of the quarter and there is a lot going on. Let’s dig in. Here is what we are watching this morning: Happy Anniversary! The Communist Party of China (CPC) will hold major celebrations this week for… Read More »
Daily Comment (September 27, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Hurray for Friday! It has been a tumultuous week as we approach the end of Q3. Markets are generally quiet this morning. U.S. economic data was a bit soft (see below). There are two elections over the weekend, in Afghanistan and Austria.… Read More »
Daily Comment (September 26, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Markets are rather quiet this morning. The IMF has a new leader. The head of the DNI testifies today before the House and Senate Intelligence Committees. The House testimony will be public, while the Senate will be closed. We expect the media… Read More »
Daily Comment (September 25, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good Morning. Global equity markets are under pressure this morning on sentiment concerns. Here is what we are watching: A volatile day: Yesterday was a volatile day in the financial markets as two issues dominated. The U.N. speech: President Trump’s address to… Read More »
Daily Comment (September 24, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning! Boris gets bad news. Europe is turning on Iran. China is looking to control its large firms. President Trump will address the U.N. General Assembly today. Here is what we are watching this morning: The U.K. Supreme court rules against… Read More »
Daily Comment (September 23, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Happy Monday! It’s the Autumnal Equinox today. For sports fans, it’s a wonderful time of year. Baseball playoffs are being set. The NFL is in full swing, and college football is operating too. The NHL preseason has begun. The GM strike rolls… Read More »
Daily Comment (September 20, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Global equity markets are generally higher this morning. The EuroStoxx 50 is up 0.4% from the last close. In Asia, the MSCI Asia Apex 50 closed up 0.1%. Chinese markets were higher, with the Shanghai composite up 0.2% and the Shenzhen index… Read More »