Archive for date: December 21st, 2018
Sevens Report’s Tom Essaye quoted in The Wall Street Journal on December 12, 2018. Read the full article here.
Sevens Report’s Tom Essaye quoted in Barron’s on December 12, 2018. Read the full article here.
Tom Essaye quoted in Barron’s on December 13, 2018. Read the full article here.
Sevens Report’s Tom Essaye appeared on Cheddar on December 12, 2018. He breaks down how Trump’s optimism on trade talks, and impacted the markets.
Watch the entire clip here.
What’s in Today’s Report:
- Why We Could Be Close to a Bounce
Futures are modestly lower following the surprise resignation of Defense Secretary Mattis.
Mattis was seen as a stabilizing force in the administration, so his resignation is an incremental negative on general sentiment and that’s pressuring stocks this morning.
Economically, Q3 British GDP met expectations at 0.6%.
Today there is a lot of important economic data including (in order of importance): Durable Goods (E: 1.4%), Core PCE Price Index (E: 0.2%), Final Q3 GDP (E: 3.5%) and Consumer Sentiment (E: 97.5). The key numbers will be the Core PCE Price Index (it needs to stay around 2.00%) and Durable Goods (they need to be stable) as they can give us a stock positive “Goldilocks” outcome.
Additionally, Fed Governor Williams will by on CNBC at 10:00 a.m., and if he’s dovish that might help stocks rally.
Finally, today is quadruple witching options expiration.
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