Daily Comment
Daily Comment (April 16, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Equities are trending higher in a quiet trade. Media is focused on the tragic Notre Dame fire. Here is what we are watching: Fed talk: Chicago FRB President Evans and Boston FRB President Rosengren (both voters this year) made essentially dovish statements on monetary policy. … Read More »
Daily Comment (April 15, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Tax Day! It’s a quiet start to a short week. Here is what we are watching: A Chinese anniversary: This is the 30th anniversary of the death of Hu Yaobang, a reformist leader in the late 1980s. Deng had supported the rise of Hu,… Read More »
Daily Comment (April 12, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] We are seeing a risk-on day. Other than this sentence, there will be no discussion of Brexit today. Here is what we are watching: Chinese data: Bank loans rose much more than expected, with CNY 1.69 trillion extended compared to expectations of CNY 1.25 trillion. … Read More »
Daily Comment (April 11, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Lots of news this morning. Here is what we are watching: Assange arrested: The Ecuadorian government has removed Julian Assange’s asylum status and he has been arrested in London.[1] We expect him to eventually be extradited to the U.S.[2] Assange is a controversial figure; Wikileaks… Read More »
Daily Comment (April 10, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s a very quiet morning in front of some important news today. Brexit, the ECB meeting and Fed minutes are all on tap this morning. Here is what we are watching: ECB: The ECB has pushed the first rate hike into next year (and it… Read More »
Daily Comment (April 9, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s a very quiet morning in front of Brexit deadlines. The only economic news of note was weak Chinese car sales (-12.7% in March). Here is what we are watching: BREAKING NEWS: Italy reduces its GDP forecast to 0.1% from 1.0% this year. This action… Read More »
Daily Comment (April 8, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Monday! Although we are in spring, a massive winter storm is moving over the northern plains and will delay planting in the northern Corn Belt. It will also increase flooding in the major river systems in a couple of weeks. Here is what we… Read More »
Daily Comment (April 5, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s employment Friday! We cover the data in detail below, but the quick take is that it is a nearly perfect report. Payrolls recovered, unemployment remained low and wage pressures eased. Here is what we are watching today: Trade progress: President Trump[1] and Chairman Xi[2]… Read More »
Daily Comment (April 4, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Markets are quiet this morning; initial claims fell to a 49-year low. Here is what we are watching: Trade progress: President Trump and Vice Premier Liu are scheduled to meet at the White House today, a sign that trade talks are heading toward some sort… Read More »