Daily Comment
Daily Comment (November 12, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s a quiet morning from the cold Midwest. Auto tariff delay expected. The president speaks in New York. Investment may be weakening, and imports offer a warning. Here is what we are watching this morning: Tariff delay: The decision on whether to… Read More »
Daily Comment (November 11, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] It’s Veterans’ Day; Treasury markets are closed but equities trade today. Risk assets are lower this morning. A lot of global political news. Update on trade. Here is what we are watching this morning: Global political news: There was a plethora of… Read More »
Daily Comment (November 8, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] Market action is a bit odd this morning; risk-on assets are trading lower but risk-off are weaker as well. We suspect sentiment remains high but there are some concerns about the trade details. CEOs are much more pessimistic than the population, in… Read More »
Daily Comment (November 7, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] The second episode of the Confluence of Ideas podcast is available! Trade optimism is lifted again this morning—risk assets are higher. The Happy Meal is 40 years old today. Trouble in techland. More on EU deposit insurance. DOE report. Here are the… Read More »
Daily Comment (November 6, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] The second episode of the Confluence of Ideas podcast is available! A German breakthrough? Since unification, Germany has supported the EU with certain qualifications. The primary goal, at least from the German point of view, is to prevent giving the rest of… Read More »
Daily Comment (November 5, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] The second episode of the Confluence of Ideas podcast is available! Optimism over trade remains elevated; equities are moving higher and safety assets, Treasuries and gold, are suffering. Here are the details: China trade: There is a lot of news on trade. … Read More »
Daily Comment (November 4, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EST] The second episode of the Confluence of Ideas podcast is available! Happy Monday! Optimism reigns—everything is awesome! Trade optimism, helpful monetary policy, decent earnings and modest economic growth are propelling U.S. equities to new highs. The Saudi Aramco IPO is on. Here… Read More »
Daily Comment (November 1, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] The second episode of the Confluence of Ideas podcast is available! Happy employment Friday and All-Saints Day! We cover the data in detail below, but the quick take is that we have a strong report. Payrolls rose 128k compared to a forecast… Read More »
Daily Comment (October 31, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] The second episode of the Confluence of Ideas podcast is available! Happy Halloween! Not to scare, but today’s report is a long one as there is a lot of news to cover. We have a deep dive on the Fed meeting. China… Read More »