Daily Comment
Daily Comment (September 23, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Happy Monday! It’s the Autumnal Equinox today. For sports fans, it’s a wonderful time of year. Baseball playoffs are being set. The NFL is in full swing, and college football is operating too. The NHL preseason has begun. The GM strike rolls… Read More »
Daily Comment (September 20, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Global equity markets are generally higher this morning. The EuroStoxx 50 is up 0.4% from the last close. In Asia, the MSCI Asia Apex 50 closed up 0.1%. Chinese markets were higher, with the Shanghai composite up 0.2% and the Shenzhen index… Read More »
Daily Comment (September 19, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] The FOMC meeting turned out hawkish. Other central banks were active today. Trade negotiators from China begin talks in the U.S. today. Here is what we are watching this morning: Hawkish Fed: The FOMC did cut rates by 25 bps but nearly… Read More »
Daily Comment (September 18, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Markets are stable this morning after a wild day in the overnight lending market. The Israeli elections did not yield a clear result. The FOMC meeting concludes today. Here is what we are watching this morning: The funding problem: We have received… Read More »
Daily Comment (September 17, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] After a wild day yesterday, markets are rather quiet. The FOMC meeting starts today, the new Saudi energy minister is conducting his first press conference at 1:15, and Israel is holding elections. Here is what we are watching this morning: The aftermath… Read More »
Daily Comment (September 16, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] It’s Fed week, but the big news is that financial and oil markets are roiled by an attack on Saudi Arabia’s (KSA) oil infrastructure. Here is what we are watching this morning: The attack of the Houthis? Houthis in Yemen have claimed… Read More »
Daily Comment (September 13, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] Happy Friday! It’s a quiet morning with equities continuing to lift on trade hopes. Should we be worried about inflation? The day after the ECB. Here is what we are watching this morning: Trade: It looks like an “off ramp” may be… Read More »
Daily Comment (September 12, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] The ECB delivers. The U.S. is delaying tariffs on China. Here is what we are watching this morning: The ECB: In the statement, the ECB restarted QE to the tune of €20 billion per month and cut deposit rates to -50 bps. … Read More »
Daily Comment (September 11, 2019)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] It is 9/11, the 18th anniversary of the terrorist attack on New York and Washington. Equity markets are mostly steady this morning. We are rotating in equities. China gives in (a little) on trade. Bolton’s out. Here is what we are watching… Read More »