Daily Comment

Daily Comment (August 14, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Happy Friday!  It looks like a risk-off morning.  Foreign news is the opening focus—the U.S. has engineered the UAE’s recognition of Israel, only the third nation in the region (Jordan and Egypt are the others) to grant formal recognition.  China… Read More »

Daily Comment (August 13, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF The summer doldrums are upon us.  Equity markets are mostly steady, with the dollar weakening.  We detail the claims data below, but they are showing improvement.  We lead with market and economic news this morning, followed by China.  Foreign news… Read More »

Daily Comment (August 12, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF The mixed-to-higher tenor of risk assets so far today is understandable given the mixed news on the coronavirus.  U.S. infections continue to moderate, but there has been little discernible progress on a new pandemic relief bill.  Separately, Joe Biden announced… Read More »

Daily Comment (August 11, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Risk assets today are being buoyed by a continued moderation in U.S. coronavirus infections and hopes that the White House and congressional Democrats will return to the bargaining table to hash out a new pandemic relief bill.  President Trump has… Read More »

Daily Comment (August 10, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF It’s Monday! Welcome back from the weekend.  Equity markets are mixed.  Foreign news leads off this morning as we cover the rise in unrest in Belarus, Lebanon, and Bulgaria.  Policy news comes next, where we touch on the executive orders. … Read More »

Daily Comment (August 7, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF It’s employment Friday!  We cover the data in detail below, but the quick view is that the data came in better than forecast.  It’s a modest risk-off morning, with weaker Chinese stocks.  Our leadoff this morning is China as tensions… Read More »

Daily Comment (August 6, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF It’s the 75th anniversary of the bombing of Hiroshima.  U.S. equity markets are a bit weaker after a strong showing yesterday.  We lead off with an update on policy progress (or lack thereof), followed by foreign news, with an update… Read More »

Daily Comment (August 5, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Moderating coronavirus infections in the U.S. and continued progress in vaccine and treatment studies are helping buoy risk assets so far today, despite a major explosion in Beirut that initially raised fears of terrorism.  Another important positive today is that… Read More »

Daily Comment (August 4, 2020)

by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Despite the mixed performance for equities so far today, reports are showing a moderation in new U.S. coronavirus infections, as well as hints of progress in the negotiations for a new virus relief bill in Congress.  As always, we review… Read More »

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