Daily Comment
Daily Comment (September 21, 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 new global inflation forecasts from the OECD and include some notes on monetary policy and inflation. We next turn to a range of U.S. and international developments that could impact the… Read More »
Daily Comment (September 20, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning on a rather blue (or, better said, red) Monday. U.S. equity futures are down hard this morning as stocks appear to be in a corrective phase. There is a lot of news this morning. There was a volcanic… Read More »
Daily Comment (September 17, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning, all! U.S. equity futures are pointing toward a lower open this morning. It has been a fairly quiet news day so far. Today’s report begins with an international news roundup followed by U.S. economics and policy. China news… Read More »
Daily Comment (September 16, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. It looks like an “everything down day” so far, although the retail sales data (see below) offered some relief. U.S. equity futures currently are mixed after opening lower. Treasury prices are down a bit, and commodities are weaker… Read More »
Daily Comment (September 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 exhibiting a familiar pattern of being stronger overnight and fading into the opening. It is clear that market momentum is waning. We think this action is a correction of sorts, but it will be… Read More »
Daily Comment (September 14, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy CPI day! We cover the data below, but the quick read is that prices rose less than expected, lifting equity futures, which were leaning higher before the report. Tropical Storm Nicholas has hit the Texas coast,… Read More »
Daily Comment (September 13, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! A lot is going on in the world today as we turn toward autumn. After a soft week, equities are lifting this morning. We begin with comments on what is shaping up to be a… Read More »
Daily Comment (September 10, 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 signaling a higher open this morning. Today’s report begins with a discussion of the call between Presidents Joe Biden and Xi Jinping. International news is up next followed by U.S. economics and policy news,… Read More »
Daily Comment (September 9, 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 under pressure again this morning as equity markets grapple with the ongoing pandemic, the uncertainty around the budget process, and the potential for a debt ceiling standoff. The ECB and the Fed kick off… Read More »