Daily Comment
Daily Comment (March 30, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with an Archegos trading update and the extent to which it might be portending broader risks in the markets. We next review the latest developments in the U.S. tax policy, where Democrats in the Senate have floated… Read More »
Daily Comment (March 29, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! We are down to the elite eight in NCAA men’s basketball, and opening day is just around the corner! U.S. equity futures are a bit lower this morning but off their worst levels of the… Read More »
Daily Comment (March 26, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We have published our latest Weekly Geopolitical Report, which constitutes Part II of our series on the geopolitics of Central Bank Digital Currencies (CBDC). We also have several other recent multimedia offerings. There is a new chart book recapping the… Read More »
Daily Comment (March 25, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! U.S. equity markets have turned lower this morning. Our coverage begins with the pandemic, with a focus on the mess that Chancellor Merkel finds herself in with elections coming in autumn. China coverage follows; the diplomatic spat between… Read More »
Daily Comment (March 24, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with the ongoing testimony before Congress from Federal Reserve Chair Powell and Treasury Secretary Yellen. Both officials will wrap up their testimony before the Senate today. We next turn to various overseas developments, including elections in Israel,… Read More »
Daily Comment (March 23, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF In today’s Comment, we first provide an overview of the evolving infrastructure and economic plan being developed within the Biden administration. Complementing the additional fiscal stimulus from that bill, we note that Federal Reserve Chair Powell will begin two days… Read More »
Daily Comment (March 22, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! U.S. equity futures are turning modestly higher as Treasury yields have turned a bit lower this morning. We are seeing a pattern where lower yields tend to lift tech over other sectors. Our coverage begins… Read More »
Daily Comment (March 19, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We have published our latest Weekly Geopolitical Report, which constitutes Part I of our new series on the geopolitics of Central Bank Digital Currencies (CBDC). We also have several other recent multimedia offerings. There is a new chart book recapping… Read More »
Daily Comment (March 18, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning! U.S. equity futures have mostly failed to hold yesterday’s gains as long-duration Treasury yields continue to move higher. Our coverage begins with economics and policy with a focus on the FOMC and monetary policy. China news comes next… Read More »