Daily Comment
Daily Comment (September 11, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with news about Chinese domestic politics and the country’s currency, the renminbi. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including news of a cut… Read More »
Daily Comment (September 8, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment will be broken down into three sections: 1) Why more central banks are signaling an end to their tightening cycle; 2) How the no-shows by the U.S. and China reflect the waning relevance of multilateral organizations; and 3)… Read More »
Daily Comment (September 7, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment will be broken down into three sections: 1) How the rising U.S. dollar is impacting other countries; 2) How political fracturing in Spain and Brazil is representative of a global trend; and 3) What trade and investment flow… Read More »
Daily Comment (September 6, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning. Risk markets are under pressure again this morning, with rising Treasury yields raising investor fears. Rising interest rates are also lifting the dollar. The JPY is challenging recent lows, and traders are watching for central bank intervention. In today’s Comment,… Read More »
Daily Comment (September 5, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with Chinese economic news. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including shocking new revelations about corruption in Mexico and unsettling news that the… Read More »
Daily Comment (September 1, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment will contain three themes: 1) Why Thursday’s inflation report is unlikely to change central banks’ rate decisions later this month; 2) How China’s new map complicates its effort to build a coalition of emerging economies to challenge the… Read More »
Daily Comment (August 31, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment has three main themes: 1) Why markets are rethinking expectations that the U.S. was in recovery; 2) How regulators are looking to rein in banks with new regulations; and 3) How El Niño may be a problem for… Read More »
Daily Comment (August 30, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with U.S. news, including yesterday’s blockbuster court decision that boosted cryptocurrency prices and a couple of words on the labor market data that boosted stocks. We next review a wide range of other international and U.S. developments with… Read More »
Daily Comment (August 29, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with concerns about a new El Niño event that could further boost global food prices and other global data showing a decline in alternative investments. We next review a wide range of other international and U.S. developments with… Read More »