Daily Comment
Daily Comment (August 8, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Financial markets remain quiet. Here are some of the headlines we are following: Zuma out? South Africa’s president, Jacob Zuma, faces a parliamentary vote of no-confidence today (around 9:45 EDT). That isn’t exactly news as this is the sixth such vote Zuma has faced. There is… Read More »
Daily Comment (August 7, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It’s a quiet Monday morning in August. Washington is mostly on recess and families are squeezing out the last few days of summer before school begins. Here are the notable news items. Sanctions on North Korea: The UNSC voted unanimously to apply further sanctions on North… Read More »
Daily Comment (August 4, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy employment day! We cover the data in detail below but the headline numbers are reflecting a strong economy. Payrolls came in at 209k, with revisions adding a modest 2k. Expectations called for a 180k rise. The unemployment rate was on forecast at 4.3%, down from… Read More »
Daily Comment (August 3, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Washington is shutting down for August, earnings remain solid and news flow is rather quiet. Here’s what we are watching today. BOE holds steady: The BOE held everything steady. Its QE remains in place and rates were left unchanged. The Monetary Policy Committee (MPC) voted 8-0… Read More »
Daily Comment (August 2, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] It was a quiet overnight trade. The Reserve Bank of India did cut rates as expected. Here are the trending news items we are watching: Trade war with China: Several media outlets are reporting that the administration is opening a broad investigation into China’s trade practices… Read More »
Daily Comment (August 1, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Global equity markets are higher this morning on the second day of Gen. Kelly’s tour as Chief of Staff (CoS). Here are the news items we are watching: The “Mooch” is out: Anthony Scaramucci left his role as communications director. It isn’t completely clear if he… Read More »
Daily Comment (July 31, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Happy St. Ignatius of Loyola Day! The weekend was news heavy—here’s what we are watching this morning. A new Chief of Staff: Reince Priebus was removed from the Chief of Staff position at the White House late Friday. Although it does appear he resigned the day… Read More »
Daily Comment (July 28, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] Unlike the past few days, there was a lot of news overnight. Here’s what happened: The Senate fails to “repeal and replace”: In the wee small hours of the morning,[1] three GOP senators joined the full contingent of Democrats to kill any chance of ending the… Read More »
Daily Comment (July 27, 2017)
by Bill O’Grady and Thomas Wash [Posted: 9:30 AM EDT] We are seeing stronger equities, weaker bond prices and a stable dollar this morning. Here’s the news we are following: The FOMC: The Fed statement didn’t offer too many surprises. It did admit that inflation is running below target but didn’t elaborate about the future path… Read More »