Daily Comment
Daily Comment (May 4, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! In the wake of the FOMC, it’s mostly a risk off day so far this morning. Treasury yields were lower overnight, but have reversed higher, the dollar and equities are lower, oil is modestly higher after a hard sell off,… Read More »
Daily Comment (May 3, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a word on global oil supplies and prices, where a new tanker seizure by Iran would seemingly boost crude oil prices but growing concerns over recession have pushed those prices sharply lower so far today. We next… Read More »
Daily Comment (May 2, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a report showing an acceleration in the Eurozone’s consumer price inflation. While the acceleration was modest, it could still encourage a more aggressive interest-rate hike by the European Central Bank at its policy meeting on Thursday. We… Read More »
Daily Comment (May 1, 2023)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with several notes on the U.S. economy, including a new federal bank seizure and sale, and the risk of a writer’s strike in Hollywood. We next review a wide range of other U.S. and international developments with the… Read More »
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 »