Daily Comment
Daily Comment (January 8, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] Happy Monday! We may be on a path to the first down day of the year for equities, although it is obviously early. Here is what we are noting this morning: Abandoning the Palestinians: We have always believed that the Palestinian cause was more for show… Read More »
Daily Comment (January 5, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] Happy employment day! We show all the details below but the quick analysis is that the report was a bit soft; payrolls came in below forecast and wage growth remains tepid. The report was dollar bearish, Treasury bullish and neutral for equities. Here is what we… Read More »
Daily Comment (January 4, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] It’s a rather quiet morning. Here is what we are following: Economic momentum is rising: The ISM manufacturing index continued to hold near the 60 mark, which is an unusually high level. The ISM manufacturing index exceeds 59.0 only 17% of the time. Equally impressive is… Read More »
Daily Comment (January 3, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] U.S. equities appear poised to grind higher. Here is what we are watching this morning: Iranian update: Iran has seen six consecutive days of protests with 22 dead and over 450 people incarcerated. These protests are fundamentally different from the 2009 event we mentioned yesterday. First,… Read More »
Daily Comment (January 2, 2018)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EST] Welcome, 2018! Back to the salt mines. Here is what we are watching this morning: Iranian unrest: Civil unrest broke out in the major urban areas of Iran. The protests were widespread and have led to at least 22 fatalities so far. Iranians are angry about… Read More »
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 »