Daily Comment
Daily Comment (April 15, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning all! Risk assets are higher this morning in a quiet trade. We have a long roster of economic data this morning which we cover in detail below. Our coverage begins with the Beige Book, which turned equities lower… Read More »
Daily Comment (April 14, 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 geopolitical developments relating mostly to China, Russia, and the Middle East. In general, the developments point to continued tensions, but that may not be enough to spoil the positive vibe that the quarter’s… Read More »
Daily Comment (April 13, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with various items touching on the trajectory of U.S. fiscal and monetary policy. We next turn to key international news. Finally, we review the latest developments on the coronavirus pandemic and the U.S. economy. While news of… Read More »
Daily Comment (April 12, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning all, and Happy Monday! U.S. equity futures are lower this morning, pausing to refresh after a series of new highs. Our coverage begins with economics and policy. Amazon (AMZN, USD, 3372.22) avoided a unionization vote in Alabama, and… Read More »
Daily Comment (April 9, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning. Equity markets are expected to open higher this morning as Treasury yields will likely drop for a fourth consecutive day. We begin our coverage with the Alabama warehouse union vote and the Biden administration’s proposal for a global… Read More »
Daily Comment (April 8, 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 mostly elevated this morning in the wake of yet another record S&P 500 close. We open commentary this morning with the Fed minutes. Economics and policy follow with corporate taxes in the spotlight. … Read More »
Daily Comment (April 7, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Today’s Comment opens with various observations concerning monetary and fiscal policy and their implications for U.S. economic growth. We next look at the new report of a possible U.S. and allied boycott of the 2022 Winter Olympics in Beijing over… Read More »
Daily Comment (April 6, 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 new developments that suggest Democrats in Congress could have more options to push through their economic and tax agendas than previously thought. Increased fiscal stimulus, rapidly expanding vaccinations, and economic reopening continue to buoy… Read More »
Daily Comment (April 5, 2021)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Good morning and happy Monday! The S&P 500 moved above 4,000 last week, and equity futures are moving further higher this morning. Some of the upward pressure is coming from Friday’s employment data, which we recap in today’s comment. BTW,… Read More »