Daily Comment
Daily Comment (May 20, 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 lower, although off the worst levels of the session. Other assets, like commodities and crypto, have also come under pressure. Our coverage kicks off with the Fed minutes, which roiled financial markets. We follow… Read More »
Daily Comment (May 19, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with another broadside from Larry Summers against the current stance of U.S. monetary and fiscal policy. Inflation hawks will likely be quite satisfied with his latest criticisms. We next examine a new threat to private cryptocurrencies out… Read More »
Daily Comment (May 18, 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 range of global news developments, touching primarily on the energy industry and the Middle East. The Israeli-Hamas conflict remains a major story, although there has been little to no direct impact on the… Read More »
Daily Comment (May 17, 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 a down day for equities this morning. Our coverage begins with a recap of the situation in Israel, a second look at the retail sales data, and the Atlanta FRB’s GDPNow forecast. Our update… Read More »
Daily Comment (May 14, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, all! U.S. equities are expected to open higher this morning following reports that the Fed will likely not be withdrawing monetary support anytime soon despite the Consumer Price Index rising faster than expected in April. Today’s report starts… Read More »
Daily Comment (May 13, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. Our coverage begins with a few comments about yesterday’s CPI report. We take a quick look at the deteriorating situation in Israel. The Colonial pipeline has reopened. Economic and policy news follows, with China news next. The international… Read More »
Daily Comment (May 12, 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 the Colonial Pipeline ransomware hack and the panic buying of gasoline that it has sparked in the Southeast. We next cover various news related to U.S. fiscal policy, the energy industry,… Read More »
Daily Comment (May 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 the latest on the Colonial Pipeline ransomware hack. We then turn to a variety of news items relating to the global energy industry, international relations, eurozone monetary policy, Chinese population data, and the Israeli-Palestinian… Read More »
Daily Comment (May 10, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, and happy Monday! What an active weekend! After spending time watching the skies, worried about falling Chinese space debris, U.S. equity futures are mostly higher this morning. We begin with the Colonial Pipeline cyberattack. Up next are some… Read More »