Daily Comment
Daily Comment (December 22, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] (Note to readers: The Daily Comment will go on hiatus next week after today; commentary will resume on January 2, 2018. From all of us at Confluence, thanks for reading! We wish you a Merry Christmas and Happy New Year.) The big news was from Europe. … Read More »
Daily Comment (December 21, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] (Note to readers: The Daily Comment will go on hiatus after Friday; commentary will resume on January 2, 2018.) Happy Solstice! Here is what we are watching this morning: Tax bill passes: While there was some last-minute drama, the tax bill passed. We will be… Read More »
Daily Comment (December 20, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] (Note to readers: The Daily Comment will go on hiatus after Friday; commentary will resume on January 2, 2018.) Markets are showing more of the same—U.S. equities are rising and bond yields are also rising. Here is what we are watching this morning: Tax bill… Read More »
Daily Comment (December 19, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] (Note to readers: The Daily Comment will go on hiatus after Friday; commentary will resume on January 2, 2018.) Markets are quiet this morning as investors begin to wind down for the holiday weekend. Here is what we are watching this morning: Tax bill update:… Read More »
Daily Comment (December 18, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] It’s a “green” day, with global equity markets mostly higher on the back of a strong Friday rally in the U.S. Here is what we are watching this morning: Tax bill update: The clouds have parted and it looks like passage is likely. Various tweaks were… Read More »
Daily Comment (December 15, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] Tax bill update: Although the conference committee has finished its work, it’s going to be something of a nail-biter to passage. Sen. Rubio (R-FL) has indicated he will vote against the current version unless the child tax credit is increased. It is unclear if Sen.… Read More »
Daily Comment (December 14, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] Markets are mostly quiet this morning, although there has been a lot of news over the past 24 hours. Here is what we are watching: Central banks: The Fed began the discussion (which we discuss at length below) but the BOE, ECB, PBOC and SNB were… Read More »
Daily Comment (December 13, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] It’s Fed Day! Here is what we are watching this morning: FOMC today: At 2:00, we will get a decision with certainty regarding a 25 bps rate hike. We will also get new dots and forecasts, along with Chair Yellen’s last press conference at 2:30. Usually,… Read More »
Daily Comment (December 12, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] Market activity is quiet this morning, but we are monitoring a number of interesting news themes. The Alabama Special: Special elections are being held in Alabama today to replace Jeff Sessions, who left the seat to become Attorney General. Polling has been wildly divergent but the… Read More »