Daily Comment
Daily Comment (June 30, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with a farewell to LIBOR and ends with a few comments on the overnight news. The End of LIBOR: As of today, the use of the London Interbank Offering Rate, or LIBOR, will end. LIBOR developed in… Read More »
Daily Comment (June 29, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with the market reaction to Wednesday’s financial stress test report. Next, we review the political risks central bankers face as they look to raise rates. Lastly, we will expand upon yesterday’s comments about potential curbs by the… Read More »
Daily Comment (June 28, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with some interesting new revelations on the weekend’s short-lived rebellion in Russia. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including signs of growing pushback… Read More »
Daily Comment (June 27, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on Russian political stability following the weekend rebellion by Wagner Group mercenaries. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including fresh… Read More »
Daily Comment (June 26, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens, understandably, with our observations on the rebellion in Russia over the weekend. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including a sharp drop in… Read More »
Daily Comment (June 23, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with a discussion about the growing hawkishness of central banks in advanced economies. Next, we give our thoughts on the disappointing economic data coming out of Europe. Finally, we’ll explain how the rivalry between the U.S. and… Read More »
Daily Comment (June 22, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Signals of higher rates from central banks are leading to a general risk off day. Interest rates are higher, while equities are generally lower as are commodities. In today’s Comment, we lead off with the central bank news. Next up… Read More »
Daily Comment (June 21, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with our thoughts on investor concerns regarding Federal Reserve Chair Jerome Powell’s testimony to Congress later today. Next, we discuss how China may jump start its economy without relying solely on policy stimulus. Lastly, we explain why… Read More »
Daily Comment (June 20, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with many China-related reports, including a recap of U.S. Secretary of State Blinken’s weekend meetings in Beijing with top Chinese officials and a new report that Beijing and Havana are negotiating to establish a joint military training base… Read More »