Daily Comment
Daily Comment (April 28, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with a deep dive into the GDP data and why we believe that the economy may still be headed for a recession. Next, we give our thoughts on the Bank of Japan’s recent policy decision. Lastly, we… Read More »
Daily Comment (April 27, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment begins with our thoughts about the positive news regarding Big Tech and why it may not relieve concerns about a possible downturn. Next, we discuss the controversy regarding regional banks and the Federal Reserve’s new lending facility. Lastly,… Read More »
Daily Comment (April 26, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! It’s a mixed market this morning after a rough day yesterday. The dollar and interest rates are lower, while S&P futures were higher but have seen gains erode as the morning wears on. In today’s Comment, we open with President… Read More »
Daily Comment (April 25, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a leading global investor’s view on the economic implications of climate change and the world’s responses to it (spoiler: the result is more inflation). We next review a wide range of other international and U.S. developments with… Read More »
Daily Comment (April 24, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with new data showing how China’s post-pandemic economic reopening is boosting its imports from other countries, including Australia. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets… Read More »
Daily Comment (April 21, 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 popularity of generative artificial intelligence. Next, we give our thoughts on crypto’s sudden resurgence this year. Lastly, we review the latest developments in the race for clean technology and how they… Read More »
Daily Comment (April 20, 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 concerns regarding bank lending. Next, we explain why stubborn inflation has led to greater scrutiny of the central banks. Lastly, we give our thoughts on supply chain efficiencies and the performance of the… Read More »
Daily Comment (April 19, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with several new initiatives in European economic policy, including subsidies for semiconductor manufacturing and a tax on imports tied to greenhouse gas emissions. We next review a range of other international and U.S. developments with the potential to… Read More »
Daily Comment (April 18, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a couple of big-picture views on the global economy and a key commodity market. We next review a wide range of other international and U.S. developments with the potential to affect the financial markets today, including stronger-than-expected… Read More »