Research & News
Daily Comment (September 16, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today focuses on the Federal Reserve, highlighting what to expect from its policymaking meeting today, discussing one key result of its ultra-loose policy, and describing the latest developments regarding Judy Shelton’s nomination to the Fed’s board. We… Read More »
Daily Comment (September 15, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today focuses on some positive coronavirus developments, including further progress on vaccines and treatments, policymakers’ reluctance to reimpose mass lockdowns, and a broadening economic recovery in China. Those developments go far toward explaining the solid bid for… Read More »
Weekly Geopolitical Report – The New Spain (September 14, 2020)
by Thomas Wash | PDF Plaza de Toros de Las Ventas is the largest bullfighting arena in Spain and the third largest in the world. Located east of Central Madrid, the arena, with its almost 100-year history, attracts tourists from around the world who want to experience authentic Spanish culture. However, the pandemic has put… Read More »
Daily Comment (September 14, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Happy Monday! U.S. equity futures are recovering strongly this morning. The Fed meets this week; although no new policy measures are expected, we look for the press conference to push for additional fiscal spending. Tropical Storm Sally (we are on… Read More »
Daily Comment (September 11, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF It’s Friday, the 19th anniversary of 9/11. Equity futures are signaling a recovery this morning after failing to hold early gains yesterday. Also, yesterday the ECB kicked off a rally in the EUR after the bank indicated it wasn’t overly… Read More »
Weekly Energy Update (September 11, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA | PDF Here is an updated crude oil price chart. The oil market has come under pressure following the decline in equity prices this week. Although volatility has been falling since April, recent option market activity suggests traders are bracing for larger prices swings in the… Read More »
Daily Comment (September 10, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Equity markets were mostly flat to higher this morning, generally holding yesterday’s recovery. The ECB meets this morning; there was pre-meeting speculation that the ECB may try to weaken the EUR. As we note below, this didn’t occur. We lead… Read More »
Daily Comment (September 9, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Daily Comment today includes a discussion of the recent rout in large cap tech stocks and where we go from here, as well as an update on the latest coronavirus news. As always, we also discuss the day’s key… Read More »
Daily Comment (September 8, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Our Comment today opens with a discussion of the weekend’s big developments in the U.K.-EU trade negotiations. We also discuss the latest new tensions between the U.S. and China, and, as always, we provide a recap of the latest coronavirus… Read More »
Daily Comment (September 4, 2020)
by Bill O’Grady, Thomas Wash, and Patrick Fearon-Hernandez, CFA [Posted: 9:30 AM EDT] | PDF Happy employment Friday! We cover the data below, but the quick take is that it was stronger than forecast. Well, after a steady rise, equity markets took a hit yesterday. They are recovering this morning, although tech remains under pressure.… Read More »