Daily Comment
Daily Comment (October 3, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Risk-on is in the air this morning. Here is what we are watching: Italy: Financial markets are showing some signs of relief this morning following the populist government’s promise to lower fiscal deficits after 2019.[1] This has the look of a common promise made around the… Read More »
Daily Comment (October 2, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] We are seeing a bit of weakness this morning, mostly due to comments coming out of Italy. Here is what we are watching: Italy: The head of the finance committee in the lower house of Italy’s legislature, Claudio Borghi, was quoted as saying that Italy would… Read More »
Daily Comment (October 1, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s Monday! It’s a risk-on day and the U.S, Canada and Mexico have struck a deal on NAFTA. U.S. equity futures are higher, while precious metals and Treasury prices are lower. Here is what we are watching: A NAFTA deal: Although the deadline wasn’t as “dead”… Read More »
Daily Comment (September 28, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Friday! After a tumultuous week, financial markets are being roiled today by Italy. Here is what we are watching: The Italian crisis: The populist government in Italy has been pressing against the EU budget rules. In general, a 2% deficit/GDP ratio is the highest allowed… Read More »
Daily Comment (September 27, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Financial markets are mostly steady this morning (although the dollar is stronger) after a rather large number of economic releases this morning. The FOMC meeting ended as expected, with no major surprises. Economics will take a back seat to politics on this Thursday. Here is what… Read More »
Daily Comment (September 26, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] The FOMC meeting ends today but, to a great extent, the Fed is being overshadowed by political events. Here is what we are watching today: The FOMC meeting: The FOMC meeting ends today with near certainty of a 25 bps rate hike. There is a press… Read More »
Daily Comment (September 25, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Good morning, all! There was a lot of overnight news; below are the stories we are paying the most attention to: Labour to reject Brexit deal? Earlier this morning, Labour’s Brexit spokesman Keir Starmer fueled speculation of a second Brexit referendum by suggesting the Labour party… Read More »
Daily Comment (September 24, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] There is a lot going on this week. The FOMC meets, U.N. meetings are underway in New York and SCOTUS nominee Kavanaugh is facing new accusers. Also, financial markets were closed today in Japan, mainland China, Taiwan and Korea for an autumn holiday. Here is what… Read More »
Daily Comment (September 21, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy Friday! Equities are up as the dollar softens and Treasury yields are higher. Here is what we are watching today: More on Brexit: Well, that was ugly…the British press is describing the Salzburg conference as a “humiliation” and a “disaster.”[1] In a somewhat unexpected move,… Read More »