Daily Comment
Daily Comment (September 10, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Equity markets were mostly flat to higher this morning, generally holding yesterday’s recovery. The ECB meets this morning; there was pre-meeting speculation that the ECB may try to weaken the EUR. As we note below, this didn’t occur. We lead… Read More »
Daily Comment (September 9, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today includes a discussion of the recent rout in large cap tech stocks and where we go from here, as well as an update on the latest coronavirus news. As always, we also discuss the day’s key… Read More »
Daily Comment (September 8, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a discussion of the weekend’s big developments in the U.K.-EU trade negotiations. We also discuss the latest new tensions between the U.S. and China, and, as always, we provide a recap of the latest coronavirus… Read More »
Daily Comment (September 4, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Happy employment Friday! We cover the data below, but the quick take is that it was stronger than forecast. Well, after a steady rise, equity markets took a hit yesterday. They are recovering this morning, although tech remains under pressure.… Read More »
Daily Comment (September 3, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Perhaps the biggest news this morning is that equity markets are set to open lower. Equities have continued to rally in an orderly fashion, with the major indices setting new record highs. Stocks have been lifted by improving earnings, low… Read More »
Daily Comment (September 2, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today, on the 75th anniversary of the end of World War II, we discuss the latest signs of new fiscal and monetary stimulus in the U.S. and indications that policymakers in Europe may take steps to weaken the euro. We… Read More »
Daily Comment (September 1, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF In today’s Comment, we discuss the latest example of renewed U.S.-Russia military tensions, as well as recent developments in the race to succeed Japanese Prime Minister Abe. Today’s purchasing managers’ indexes out of China and Europe were generally positive, suggesting… Read More »
Daily Comment (August 31, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Happy Monday on this last day of August. Risk markets are quietly higher this morning. We begin with Japan, as leaders of the LDP jockey to replace Abe. We update the situation in Belarus and then discuss other foreign news. … Read More »
Daily Comment (August 28, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Happy Friday! Equity markets are moving higher this morning; we cover the consumer spending data below. There is a lot happening today. PM Abe, suffering from chronic digestive track issues, has resigned. We recap the historic Powell speech from yesterday. … Read More »