Daily Comment
Daily Comment (September 19, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] The FOMC meeting turned out hawkish. Other central banks were active today. Trade negotiators from China begin talks in the U.S. today. Here is what we are watching this morning: Hawkish Fed: The FOMC did cut rates by 25 bps but nearly… Read More »
Daily Comment (September 18, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Markets are stable this morning after a wild day in the overnight lending market. The Israeli elections did not yield a clear result. The FOMC meeting concludes today. Here is what we are watching this morning: The funding problem: We have received… Read More »
Daily Comment (September 17, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] After a wild day yesterday, markets are rather quiet. The FOMC meeting starts today, the new Saudi energy minister is conducting his first press conference at 1:15, and Israel is holding elections. Here is what we are watching this morning: The aftermath… Read More »
Daily Comment (September 16, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] It’s Fed week, but the big news is that financial and oil markets are roiled by an attack on Saudi Arabia’s (KSA) oil infrastructure. Here is what we are watching this morning: The attack of the Houthis? Houthis in Yemen have claimed… Read More »
Daily Comment (September 13, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Happy Friday! It’s a quiet morning with equities continuing to lift on trade hopes. Should we be worried about inflation? The day after the ECB. Here is what we are watching this morning: Trade: It looks like an “off ramp” may be… Read More »
Daily Comment (September 12, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] The ECB delivers. The U.S. is delaying tariffs on China. Here is what we are watching this morning: The ECB: In the statement, the ECB restarted QE to the tune of €20 billion per month and cut deposit rates to -50 bps. … Read More »
Daily Comment (September 11, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] It is 9/11, the 18th anniversary of the terrorist attack on New York and Washington. Equity markets are mostly steady this morning. We are rotating in equities. China gives in (a little) on trade. Bolton’s out. Here is what we are watching… Read More »
Daily Comment (September 10, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning! Equity markets are a bit lower this morning, although there is a huge amount of rotation in the sectors. Chinese inflation data was mixed. Parliament is prorogued. Here is what we are watching this morning: Is the ECB set to… Read More »
Daily Comment (September 9, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Happy Monday! Global equity markets are edging higher this morning. China’s economic data was a bit soft. Russian local elections were a rebuke of Putin. The Brexit saga continues in Ireland. Here is what we are watching this morning: Russia: In Moscow’s… Read More »