Daily Comment
Daily Comment (January 4, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] After a hard sell-off in equities yesterday, we are seeing a bounce this morning. Boosting sentiment are hopes for a dovish tone from Chair Powell, a reserve rate cut in China and the opening of formal trade talks between the U.S. and China. We cover the… Read More »
Daily Comment (January 3, 2019)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It was all about Apple (AAPL, 157.92), which is down around 8% in the pre-market trade, and the yen. Here is what’s going on: AAPL: Apple[1] released a letter warning investors that the company would miss revenue estimates. Two reasons were given for the decline, weaker… Read More »
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 »