Daily Comment
Daily Comment (April 3, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s a “risk-on” morning. Equities are up around the world. It’s also the 70th anniversary of NATO.[1] Here is what we are watching this morning: A trade deal with China: Reports suggest the U.S. and China are nearing an agreement on trade.[2] The two sides… Read More »
Daily Comment (April 2, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Markets are quiet after a strong rally yesterday. Here is what we are watching this morning: Turkey fallout: The stunning losses in local elections have put President Erdogan on notice—the economy is suffering and he needs to address the problem. Addressing a weakening economy with… Read More »
Daily Comment (April 1, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s the beginning of Q2 and April Fools’ Day. Equities are up around the world. Here is what we are watching this morning: China better, but elsewhere struggles: China’s manufacturing PMI data came in better than forecast;[1] the Caixin number for March was 50.8, exceeding… Read More »
Daily Comment (March 29, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Good morning, all! Equity markets are higher on progress being made in U.S./China trade talks. The overnight news was a bit quiet, but here are the stories we are following today: Social media bias: On Thursday, Facebook (FB, $165.55) was accused of violating the Fair… Read More »
Daily Comment (March 28, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Opening Day! Even as cool temperatures linger in much of the country, major league baseball opens in the U.S. today, one of the official signs of summer. Here’s something to make you feel older: for the first time in the 21st century, there are… Read More »
Daily Comment (March 27, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Equities are modestly lower in a quiet news environment. The big story remains in the long end of the yield curve as the 10-year T-note yield falls below 2.40%. Here is what we are watching this morning: Why are bonds rallying? We suspect there are… Read More »
Daily Comment (March 26, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Equities are higher in a quiet news environment. Here is what we are watching this morning: Brexit: MPs voted 329/302 to take control of the House of Commons timetable, essentially removing the prime minister from running the process.[1] Although this is no huge shock, it… Read More »
Daily Comment (March 25, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Equities have lifted from their overnight lows on a better than expected German IFO business sentiment index report. Although the Mueller news didn’t have any impact on financial markets, a finding of collusion would have been majorly negative, so that problem has been avoided. Here… Read More »
Daily Comment (March 22, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Good morning! Equity markets are mixed today following weak manufacturing data in Europe and the president’s hints that a trade deal with China is close to fruition. Below are the stories we are currently monitoring: Brexit extension: On Thursday, the Financial Times reported that the… Read More »