Daily Comment
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 »
Daily Comment (August 6, 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 flat open this morning. We begin with a discussion about the effect the new variant may have on the recovery. Our international news coverage includes escalating tensions between Israel… Read More »
Daily Comment (August 5, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. Overall, it’s a rather quiet trading day so far. U.S. equity futures are edging higher, although recent market action suggests it may not hold. Our coverage begins with comments from Fed officials who are signaling the end of… Read More »
Daily Comment (August 4, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with just one U.S. issue related to cryptocurrency regulation. We then review a number of foreign items that could impact the financial markets today, including news of another apparent Iranian attack on a ship in the Persian… Read More »
Daily Comment (August 3, 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 review of various U.S. developments related to fiscal policy, the labor market, and the natural gas market. We discuss several international items that could affect the financial markets today. Finally, we take a… Read More »
Daily Comment (August 2, 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 the first trading day of August (a time of the year often unfriendly to equities), and U.S. equity futures are pointing to a higher open. Our coverage begins with an incident off the coast… Read More »
Daily Comment (July 30, 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 lower open this morning. Equities have fallen due to concerns over the tech sector as investors fear disappointing earnings reports and a continued tech crackdown by China. Our report… Read More »
Daily Comment (July 29, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. It’s GDP day! We cover the data for Q2 below in detail, but the quick view is that the annualized growth rose 6.5%, well below expectations. Equity markets are ticking higher, but we note that gold is up… Read More »