Daily Comment
Daily Comment (October 28, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! It’s a big day today. Q3 GDP is out (quick take—the data was weaker than expected, with very weak investment and a larger drag from net exports); we cover it in detail below. The ECB meeting is also… Read More »
Daily Comment (October 27, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We open today’s Comment with U.S. news related to fiscal policy and potential new regulatory risks for the technology sector. Next is a discussion regarding the Chinese debt crisis and a range of other foreign news that could affect the… Read More »
Daily Comment (October 26, 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 developments touching on two of the biggest concerns that investors have these days, China’s debt crisis and high prices for commodities and other goods. We next provide an update to the U.S. fiscal policy… Read More »
Daily Comment (October 25, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday, the last in October. Risk markets are trending higher this morning, with WTI moving over $85 per barrel. Much of the country is being rocked by wild weather. Anyone watching the late NFL game saw… Read More »
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 »