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Fed Expectations has hopes for a June rate cut dashed by the hot CPI report

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Fed Expectations has hopes for a June rate cut dashed by the hot CPI report: Tom Essaye Quoted in Blockworks

Cryptos slip as Powell doubles-down on delaying rate cuts

“Fed Expectations has hopes for a June rate cut dashed by the hot CPI report and now the market must deal with the possibility of just two — or even fewer — rate cuts in 2024,” Tom Essaye, founder of Sevens Report Research, said. “Remember the market started the year expecting seven cuts.”

Also, click here to view the full Blockwork article published on April 16th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.

Sevens Report founder Tom Essaye explains the gold rally

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Investors piled into a new refuge as the U.S. dollar lost value and interest rate expectations dwindled: Tom Essaye Quoted in Forbes

What’s Up With Gold? Here’s Why Everyone From Costco To Central Banks Is Rushing In.

Sevens Report founder Tom Essaye explains the rally initially began late last year, as investors piled into a new refuge as the U.S. dollar lost value and interest rate expectations dwindled before getting a further bump from renewed concerns in 2024 about the potential for lingering inflation. And despite the Costco mania, it’s actually institutional investors and central banks, especially those coming from China, driving much of the surging demand for gold, as investors and bankers from China and other largely non-Western countries look to hedge against an economic downturn scenario while simultaneously lessening their dependence on the American dollar.

Also, click here to view the full Forbes article published on April 10th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Lastly, If you want research that comes with no long-term commitment, yet provides independent, value-added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.

Tom Essaye Quoted in Barron’s on April 9th, 2024.

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Sevens Report Research’s Tom Essaye told Barron’s that with not much on the calendar Tuesday

Dow Closes Flat Ahead of CPI Report

Sevens Report Research’s Tom Essaye told Barron’s that with not much on the calendar Tuesday, traders were looking ahead to Wednesday’s consumer price index report, as well as updates on producer prices and the start of earnings season on Thursday and Friday, respectively.

“The Wednesday-Thursday-Friday of this week has the potential to provide some surprises or, conversely, reinforce what everybody hopes is going to happen,” Essaye says. “I think that what we’re seeing today is people just sort of biding their time, doing a little bit of positioning, making sure their risk tolerance is appropriate as we head into tomorrow’s 8:30 a.m. CPI release.”

Also, click here to view the full Barron’s article published on April 9th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

It’ll be Very Hard for This Market to RallyIf you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.

Investors are on edge that the Fed may delay rate cuts

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Investors are on edge that the Fed may delay rate cuts: Tom Essaye Quoted in Forbes

Jobs Report: Unemployment Hits 3.8% As Job Growth Pops

How the jobs report impacts market expectations for an eagerly anticipated cut to interest rates, a move which would stimulate economic growth and which is currently priced in to come in June. “Investors are on edge [that] the Fed may delay rate cuts from June until later in the summer (or late in 2024) if we get another hot employment report,” Sevens Report founder Tom Essaye explained ahead of the release.

Also, click here to view the full Forbes article published on April 5th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Lastly, If you want research that comes with no long-term commitment, yet provides independent, value-added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.

Investors are on edge the Fed may delay rate cuts

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Investors are on edge the Fed may delay rate cuts: Sevens Report Founder, Tom Essaye, Quoted in MarketWatch

A ‘too hot’ jobs report poses biggest risk to stock-market rally: strategist

The setup for the stock market heading into the release of the Labor Department’s April employment report at 8:30 a.m. Eastern time is a bit out of the ordinary, Tom Essaye, founder of Sevens Report Research, said in a Thursday note.

While either a “too hot” or “too cold” jobs figure is often sufficient to spark a market selloff, the biggest danger on Friday is firmly tilted toward a stronger-than-expected reading, he said.

“Investors are on edge the Fed may delay rate cuts from June until later in the summer (or late in 2024) if we get another hot employment report,” Essaye wrote. “If that occurs, expect a partial repeat of Tuesday,” when the Dow Jones Industrial Average fell nearly 400 points, or 1%, for its worst performance since March 5, while the S&P 500 lost 0.7% and the Nasdaq Composite declined 1%.

Also, click here to view the full MarketWatch article published on April 4th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

What Is the Bitcoin “Halving?”

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What Is the Bitcoin “Halving?”: Start a free trial of The Sevens Report.

What’s in Today’s Report:

  • What Is the Bitcoin “Halving?”
  • Manheim Used Vehicle Index Continues to Decline – Chart

Stock futures are little changed this morning as yields drift sideways and the dollar firms ahead of the Fed decision.

European markets were led lower by luxury brand names after soft earnings from Gucci’s parent company (Kering SA) offset favorable inflation data out of the UK.

Economically, the PBOC left the Loan Prime Rate at 3.45% which is seen as accommodative while U.K. CPI favorably fell from 5.1% to 4.5% vs. (E) 4.6% in February.

There are no notable economic reports today which will leave investor focus pretty much exclusively on the Fed with the FOMC Meeting Announcement at 2:00 p.m. ET followed by Fed Chair Powell’s press conference at 2:30 p.m. ET.

If the Fed is hawkish and signals a higher-for-longer policy stance (more so than is already priced in), expect some volatility in the wake of the decision while a dovish decision projecting confidence in a soft landing could see the 2024 rally extend to new highs.

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.

The major question for tomorrow’s meeting is what do the dots say?

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The major question for tomorrow’s meeting: two or three rate hikes? Tom Essaye Quoted in Barron’s

Dow Turns Higher. Tech Stocks Pull Back.

“I think what we’re seeing today is just a little bit of hedging by investors,” Sevens Report Research’s Essaye told Barron’s in a phone interview.

Essaye says that ahead of the Fed meeting, traders may be looking at defensive stocks on the chance that the Federal Open Market Committee’s March meeting sends stocks lower or pushes yields lower.

“The major question for tomorrow’s meeting is what do the dots say: two or three rate hikes?” Essaye says. “That’s really gonna determine how the market reacts to this meeting.”

“AI enthusiasm has been a major factor in this rally, and as long as nothing else is particularly negative, AI enthusiasm can continue to push markets higher,” Essaye says. “That’s what happened yesterday. Today, we don’t have that sort of new shiny object in AI to focus on, and we have the Fed decision tomorrow.”

Also, click here to view the full Barron’s article published on March 19th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

It’ll be Very Hard for This Market to RallyIf you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.

The key is growth, it’s not rate cuts

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The key is growth, it’s not rate cuts: Tom Essaye Quoted in Barron’s

S&P 500 Edges Higher. Tech Still Lags.

Stocks have been holding up in recent weeks even though expectations for a rate cut sooner rather than later have dipped.

“The key is growth, it’s not rate cuts,” Sevens Report Research’s Tom Essaye told Barron’s. “As long as growth is stable, the markets can tolerate fewer rate cuts—up to a certain point.”

Also, click here to view the full Barron’s article published on March 19th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

It’ll be Very Hard for This Market to RallyIf you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.

Economic data this week has not been positive for stocks

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Economic data this week has not been positive for stocks: Tom Essaye Quoted in Blockworks

Bitcoin holds below $70k on disappointing inflation reads this week

“Economic data this week has not been positive for stocks and while it hasn’t invalidated any of that bullish mantra, it has weakened it,” Tom Essaye, founder of Sevens Report Research, said. 

Also, click here to view the full Blockwork article published on March 15th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.

The fundamentals are positive but they still don’t justify current valuations

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The fundamentals are positive but they still don’t justify current valuations: Tom Essaye Quoted in Bloomberg Featured on Yahoo Finance

Stocks Struggle Near Record Before Inflation Data: Markets Wrap

The current set-up reflects the drivers that have powered stocks higher this year: solid growth, prospects for Fed rate cuts and artificial-intelligence enthusiasm, according to Tom Essaye, founder of the Sevens Report. “While the fundamentals are positive, they still don’t justify current valuations — making the market vulnerable to a negative surprise.”

Also, click here to view the full Bloomberg article featured on Yahoo Finance published on March 13th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.