Daily Comment
Daily Comment (August 19, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning on the 30-year anniversary of the Soviet coup. Risk markets continue to slump this morning. Equities and commodities are lower, and Treasuries prices are higher. The combination of tighter policy signaling and rising pandemic concerns are weighing on… Read More »
Daily Comment (August 18, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment begins with news showing China’s crackdown on big, fast-growing tech companies is perhaps even worse than we’ve been describing. On top of that, President Xi has signaled a broader prioritization of income redistribution that could also be a… Read More »
Daily Comment (August 17, 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 the latest on the situation in Afghanistan, with an interesting satellite view of the chaos at Kabul’s airport yesterday. We then turn to U.S. news, including the latest warning sign that the Federal Reserve… Read More »
Daily Comment (August 16, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. Risk markets are weaker this morning. Fears of slowing global economic growth, the persistence of the pandemic, and the unsettling images from Kabul are weighing on sentiment. Our coverage begins with the events in Afghanistan. Up next is… Read More »
Daily Comment (August 13, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, all! U.S. equities appear to be headed for a higher open this morning. Our report begins with a discussion about inflation. Next, we provide a round-up of international news, including the Taliban’s advancement in Afghanistan and Bolsonaro’s attempt… Read More »
Daily Comment (August 12, 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 mostly steady this morning. Financial markets are broadly steady, consistent with late summer trading. Our coverage kicks off with news from China followed by the international roundup. Economics and policy follow, and we close… Read More »
Daily Comment (August 11, 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 a discussion of U.S. policy actions, with a focus on yesterday’s Senate passage of the bipartisan “hard” infrastructure bill and this morning’s Senate passage of a budget blueprint encompassing the Democrats’ big antipoverty and… Read More »
Daily Comment (August 10, 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 an update on U.S. policy news, including expectations that the Senate will pass the $1 trillion “hard” infrastructure bill this morning, even as Democrats released details on their proposed follow-on bill covering antipoverty and… Read More »
Daily Comment (August 9, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday. It’s inflation week—the CPI comes out on Wednesday. U.S. equity futures are modestly lower this morning, but the real story is in commodities. Oil and precious metals are tumbling this morning in the face of… Read More »