Daily Comment
Daily Comment (March 7, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] There is much to discuss this morning. Let’s get to it: Cohn out: Gary Cohn, Director of the National Economic Council, resigned yesterday evening. Although reports suggest he has been considering the move for a couple of months, the proximate cause was the inability to turn… Read More »
Daily Comment (March 6, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] Risk markets are higher this morning, building on yesterday’s afternoon recovery. Here is what we are watching this morning: Trade wars—the establishment strikes back: They don’t call it the establishment for nothing. The GOP establishment playbook—tax cuts, open trade, deregulation—has always been a less than perfect… Read More »
Daily Comment (March 5, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] Happy Monday! Here is what we are watching this morning: Trade wars: As details emerge on how the president decided to recommend across-the-board tariffs on steel and aluminum, it has become clear it was more of a reaction than a well-thought-out plan. There is no actual… Read More »
Daily Comment (March 2, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] There is a lot going on this morning. Let’s dive in: Trade wars: President Trump campaigned as a trade warrior, promising tariffs and government intervention to boost manufacturing employment and give hope to his electoral base. However, in his first year of office, if one ignores… Read More »
Daily Comment (March 1, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] Risk assets are coming under pressure this morning as equities struggle. Here is what we are watching today: Powell, Part 2: Chair Powell testifies before the Senate Banking Committee today. Usually, the second testimony is not closely watched; after all, we have already seen the formal… Read More »
Daily Comment (February 28, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] Looking for something to read? In our travels we are often asked about books we recommend. As a result, we have created The Reading List. The list is a group of books, separated by category, that we believe are interesting and insightful. Each book on… Read More »
Daily Comment (February 27, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] Looking for something to read? In our travels we are often asked about books we recommend. As a result, we have created The Reading List. The list is a group of books, separated by category, that we believe are interesting and insightful. Each book on… Read More »
Daily Comment (February 26, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] Looking for something to read? In our travels we are often asked about books we recommend. As a result, we have created The Reading List. The list is a group of books, separated by category, that we believe are interesting and insightful. Each book on… Read More »
Daily Comment (February 23, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] Looking for something to read? In our travels we are often asked about books we recommend. As a result, we have created The Reading List. The list is a group of books, separated by category, that we believe are interesting and insightful. Each book on… Read More »