Daily Comment
Daily Comment (June 20, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy post-Fed Day! It’s all bullish today; equities are higher, bond yields are lower and gold is on a tear (and the dollar is weaker). The only worry? Iran claims to have shot down a U.S. drone, sending oil higher. Here is what we are… Read More »
Daily Comment (June 19, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Juneteenth! After a wild day yesterday, all is quiet before the conclusion of the FOMC meeting. Here is what we are watching today: The Fed: The Fed meeting concludes today. We are expecting a hawkish tone, at least initially, from the statement and the… Read More »
Daily Comment (June 18, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Good morning! It’s a risk-on morning following a speech by ECB President Draghi. The Fed meeting starts today. Here is what we are watching today: Draghi: The Eurozone is holding meetings in Sintra, Portugal; these meetings are considered this region’s equivalent of the Jackson Hole… Read More »
Daily Comment (June 17, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Monday! Tensions remain high with Iran, and protests expanded in Hong Kong. Meanwhile, it’s central bank week, with the Federal Reserve as the headliner. Here is what we are watching today: Iran: Hawks are calling for military strikes against Iran. However, there is no… Read More »
Daily Comment (June 14, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Flag Day! Tensions remain high with Iran and protests continue in Hong Kong. Here is what we are watching today: Pompeo blames Iran: Yesterday, we reported that two tankers were attacked in the Gulf of Oman. SoS Pompeo has assigned blame to Iran. Pompeo… Read More »
Daily Comment (June 13, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Good morning from the new home of the Stanley Cup! Two oil tankers were attacked in the Gulf of Oman overnight. Large protests continue in Hong Kong. Here is what we are watching today: Tanker attacks: Two oil tankers, one licensed in the Marshall Islands… Read More »
Daily Comment (June 12, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Good morning! Large protests hit Hong Kong overnight. It’s CPI day today! We cover the data below but, in general, price pressures remain subdued. Here is what we are watching today: Hong Kong: Widespread protests rocked Hong Kong overnight. The protestors oppose a new extradition… Read More »
Daily Comment (June 11, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Good morning! Unlike what we have had for the past couple of weeks, it’s a relatively quiet news day. Here is what we are watching: A deal with Mexico: As news spread that the tariffs on Mexico would be rescinded, stories broke that Mexico hadn’t… Read More »
Daily Comment (June 10, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Monday! It’s a risk-on day, with equities higher, and gold and Treasury prices lower. The U.S. and Mexico have a trade deal. The G-20 Finance Ministers’ meeting (the pre-meeting for the leaders’ meeting) didn’t resolve much. Here is what we are watching today: The… Read More »