Daily Comment
Daily Comment (October 14, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning. Today’s Comment begins with our thoughts on yesterday’s CPI report. Next, we discuss significant policy shifts in some of the most influential countries. Finally, we discuss how Russia’s nuclear threat has encouraged other countries to become more pugnacious. The Market… Read More »
Daily Comment (October 13, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning and happy CPI day! U.S. equity futures were moving higher in front of the report, and we will cover the CPI numbers in detail below, but in short, they were bad, leading to a sharp reversal in equity futures. Our… Read More »
Daily Comment (October 12, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning. Markets are higher this morning, with U.S. equity futures moving higher before the PPI data. The PPI data came in “hotter” than expected, taking equity futures off their earlier highs. The dollar is mixed, with the GBP modestly higher while… Read More »
Daily Comment (October 11, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF In today’s Comment, we begin with economic and finance news as the BOE had to rush support to the Gilt market after rates jumped on fears that the bank would withdraw support from the market. War news comes next, with a look… Read More »
Daily Comment (October 10, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF In today’s Comment, we begin with an update on the war in Ukraine, with a special look at the bridge attack. China news comes next, where we discuss the U.S.’s further tightening of semiconductor export controls. The international news roundup follows where… Read More »
Daily Comment (October 7, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Good morning! Today’s Comment starts with a discussion about central banks around the world becoming more hawkish. Next, we give an overview of rising geopolitical tensions in Central Asia and Europe. We conclude the report with thoughts on how U.S. moves are… Read More »
Daily Comment (October 6, 2022)
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 Federal Reserve’s insistence on raising its benchmark interest rate despite the global outcry. Next, we discuss the impact that Ukraine’s successes in the south have had on Russian sentiment. We end the… Read More »
Daily Comment (October 5, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on the Russia-Ukraine war, where there is increasing evidence that the Russian army is collapsing, at least in some specific areas. We next review a wide range of other international and U.S. developments with the… Read More »
Daily Comment (October 4, 2022)
by Patrick Fearon-Hernandez, CFA, and Thomas Wash [Posted: 9:30 AM EDT] | PDF Our Comment today opens with an update on the Russia-Ukraine war, where Ukrainian forces continue to make surprising progress in the counteroffensives in northeastern and southern Ukraine. We next review a wide range of other international and U.S. developments with the potential… Read More »