Daily Comment
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 »
Daily Comment (July 28, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF We begin today’s Comment with several items related to U.S. fiscal, monetary, and regulatory policy. We next turn to a range of international developments that highlight the growing risks of great-power military conflict in the future. We end with the… Read More »
Daily Comment (July 27, 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 multiple global and U.S. developments touching on taxes, fiscal policy, monetary policy, and labor market regulation. Next, we discuss a variety of foreign news ranging from the sharp drop in Chinese stocks stemming from… Read More »
Daily Comment (July 26, 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 modestly in the red this morning, taking a rest from recent new highs. Our coverage today begins with China—lots of things going on in markets and geopolitics. From there, we move… Read More »
Daily Comment (July 23, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Friday! The Olympics officially open today (although the competition has already started). Sadly, for the organizers, things are not going all that well. The pandemic has led to empty arenas, the opening music has been scrapped… Read More »
Daily Comment (July 22, 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 were higher, and long-duration interest rates were rising overnight, but comments from the ECB (see below) have pushed equity futures into the red and have lifted bond prices. We are also seeing lots of… Read More »
Daily Comment (July 21, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF In today’s Comment, we begin with a preview of today’s procedural vote in the Senate on the bipartisan “hard” infrastructure bill. We follow that with a range of U.S. and international news, focusing on the increasing regulatory risks facing the… Read More »