Daily Comment
Daily Comment (October 22, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Friday! U.S. equity futures are marking time this morning. The dollar is a bit lower, while gold, crypto, and oil are higher, and Treasury yields are easing. Our coverage begins with economics and policy. The Fed… Read More »
Daily Comment (October 21, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. Risk markets are a bit weaker this morning but are mostly marking time after a strong week thus far. Our coverage starts with the Beige Book and moves on to confirm that Q3 was a soft quarter. Economics… Read More »
Daily Comment (October 20, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. Comments will be brief today due to a mix-up on coverage (blame Bill—senior moment!). Risk markets are mostly marking time this morning. China and property taxes: As we have been reporting at length recently, the real estate sector… Read More »
Daily Comment (October 19, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF In today’s Comment, we open with several global issues, ranging from magnesium supply shortages that could further crimp automobile output to a new pilot project on central bank digital currencies in France. We next review the latest real estate developer… Read More »
Daily Comment (October 18, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! Risk markets are lower this morning as Treasury yields rise. Our coverage begins with China news this morning, including comments on weak Q3 GDP. Economics and policy are next, where we look at the progress… Read More »
Daily Comment (October 15, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! U.S. equity futures are pointing higher this morning. Today’s report begins with our thoughts on EU and U.K. trade relations. Afterward, we review international news followed by U.S. economics and policy coverage. China news is next, and we… Read More »
Daily Comment (October 14, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. Bank earnings reports are giving a bullish tone to the equity markets this morning. Our coverage begins with the Federal Reserve; the FOMC released its minutes yesterday. Economics and policy come next. Inflation worries are rising. Crypto news… Read More »
Daily Comment (October 13, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment begins with several developments related to major global issues, including the current state of economic growth, supply chains, and energy supplies. We then review various international and U.S. news items, including the Social Security Administration’s latest cost-of-living adjustments… Read More »
Daily Comment (October 12, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with several big and broad crises, including the global energy crunch, China’s clampdown on private firms, and Chinese debt issues. We also cover other foreign and U.S. developments, and we wrap up with the latest on the… Read More »