Daily Comment
Daily Comment (May 29, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Good morning! Risk-off is dominating the financial markets this morning. Here is what we are watching: Global bonds: U.S. 10-year Treasury yields are falling toward the 2.20% level and yields around the developed world continue to spin lower. Although most economic indicators continue to signal… Read More »
Daily Comment (May 28, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Good morning and welcome back from the long weekend. Although financial markets are mostly steady, there was lots of news over the holiday. Here is what we are watching: European elections: EU elections ended over the weekend and the cross-currents are complicated. Here are the… Read More »
Daily Comment (May 24, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Good morning! U.S. equity futures are recovering after a hard break yesterday. PM May is on her way out. There is hope of a break on the China/U.S. trade dispute. Here is what we are watching: Trade: There was mixed news on the trade front. … Read More »
Daily Comment (May 23, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Good morning! U.S. equity futures are modestly lower this morning. There is a lot of news to digest this morning. Here is what we are watching: Trade wars: There is little evidence that the trade situation in China is improving. If anything, conditions are worsening. … Read More »
Daily Comment (May 22, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] (N.B. We are making a modest change today in this report. Instead of footnoting links to news items, we are moving to using hyperlinks. To see the linked story, simply click the underlined and highlighted item in the report. This is a more “modern” way… Read More »
Daily Comment (May 21, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Good morning! U.S. equity futures are higher this morning as Huawei (002502, CNY 3.71) gets a reprieve. Political turmoil rises in Europe. Here is what we are watching: Huawei: The Commerce Department announced a reprieve for the Chinese tech company, giving it three months before… Read More »
Daily Comment (May 20, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Monday! U.S. equity futures rolled over in the early morning hours on trade concerns. Tensions with Iran increase. Here is what we are watching: China trade: Positions appear to be hardening, but the tariffs are becoming less of an issue and the restrictions on… Read More »
Daily Comment (May 17, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Friday! Markets are down due to rising trade tensions between the U.S. and China. Here are the stories we are following: Trade talks on hold: It appears the president’s attempt to bring China back to the negotiating table by targeting one of its key… Read More »
Daily Comment (May 16, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Markets are higher this morning as fears of a trade dispute between the U.S. and Europe dissipate. That being said, escalating tensions in the Middle East and between U.S./China have caused a rally in bonds. Here are the stories we are following today: All-in on… Read More »