Daily Comment
Daily Comment (January 2, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Back to the salt mines! The New Year, 2019 (hard to believe, isn’t it?), is starting out with a thud as weak Chinese data has sent equities into the red. Here is what we are watching this morning: The Chinese data: The PMI data[1] from China… Read More »
Daily Comment (December 21, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] [N.B. The Daily Comment will go on holiday from December 24 to January 2. From all of us at Confluence, but especially Thomas and me, thanks for reading and have a Merry Christmas and Happy New Year!] On Friday, December 14, we published our 2019… Read More »
Daily Comment (December 20, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] [N.B. The Daily Comment will go on holiday from December 24 to January 2. From all of us at Confluence, but especially Thomas and me, thanks for reading and have a Merry Christmas and Happy New Year!] On Friday, December 14, we published our 2019… Read More »
Daily Comment (December 19, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] [N.B. The Daily Comment will go on holiday from December 24 to January 2. From all of us at Confluence, but especially Thomas and me, thanks for reading and have a Merry Christmas and Happy New Year!] BREAKING NEWS: The U.S. is preparing to make… Read More »
Daily Comment (December 18, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] On Friday, December 14, we published our 2019 Outlook: Red Sky at Morning report. If you missed it, you can find the report linked here or on our website. U.S. equity futures are lifting this morning after another hard decline yesterday. Oil prices are falling, with… Read More »
Daily Comment (December 17, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] On Friday, December 14, we published our 2019 Outlook: Red Sky at Morning report. If you missed it, you can find the report linked here or on our website. The big event this week is the FOMC meeting that ends on Wednesday. Equity markets continue to… Read More »
Daily Comment (December 14, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s a risk-off Friday; global equity markets are slumping, economic data from China and Europe looked weak and PM May got rebuffed by EU leaders. As noted, equities are lower, the dollar is up and Treasury yields are down. Here are the details: Global data: In… Read More »
Daily Comment (December 13, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Risk markets are mixed this morning with the pattern of fading overnight equity futures rallies continuing. Here is what we are watching: ECB: The ECB is meeting today and has released a statement indicating that QE is ending[1] but the balance sheet will be maintained for… Read More »
Daily Comment (December 12, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Risk markets are higher again this morning after fading the strong opening yesterday. A bail decision and, interestingly enough, a no-confidence vote appear to be the catalysts. There is a lot of news this morning. Here is what we are watching: Meng gets bail: In the… Read More »