Daily Comment
Daily Comment (July 17, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Global markets are trading quietly this morning, consistent with mid-summer. Here is what we are watching today: The EU vote: Well, she won, but it was close. Ursula von der Leyen received 383 votes, marginally more than the 374 she needed to… Read More »
Daily Comment (July 16, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] It’s July! The trading deadline looms in baseball and a few deals (two involving our beloved cross-state team) have already occurred. Markets, on the other hand, are very quiet. Here is what we are watching today: The EU vote: The EU Commission… Read More »
Daily Comment (July 15, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Happy Monday! China’s GDP came in on expectations but the trend is clearly showing that growth is slowing. The EU Commission vote is this week. Global debt is growing. Tropical Storm Barry is now moving into Missouri. Here is what we are… Read More »
Daily Comment (July 12, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Happy Friday! We’re almost to the weekend, but before we get there, we still have some important developments to keep track of. We’re seeing some potentially positive developments in the trade row between Japan and South Korea, but on the other hand,… Read More »
Daily Comment (July 11, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good Morning! Equities continue to trend higher on Powell’s testimony yesterday. Trade tensions are elevated. The Persian Gulf heats up. Here is what we are watching today: Powell: The chair returns to the hill today but the second day is usually a… Read More »
Daily Comment (July 10, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning! Other than oil, most markets were lower this morning in front of Powell’s testimony. However, in the wake of his prepared remarks, U.S. equity futures have rallied. Precious metals are up, the dollar is down and Treasuries are flat. Here… Read More »
Daily Comment (July 9, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning! It’s an “everything down day” this morning, with both risk-on and risk-off asset values lower. Most likely this is position-squaring in front of Powell’s testimony. Here is what we are watching today: Powell: There isn’t too much more to add… Read More »
Daily Comment (July 8, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Good morning and happy Monday! We are essentially halfway through summer, semi-officially marked by the All-Star Game, the “midsummer classic.” Trading is quiet; investors should note that activity tends to slow during the summer. Europe is essentially on holiday to some extent… Read More »
Daily Comment (July 5, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] (NB: We are publishing an abbreviated report today. Because of the all-important labor market data, we wanted to provide our coverage of that issue and the usual energy market update as well. Additionally, the AAW will be updated. But the headings in… Read More »