Market Multiple Table Chart: Similarities to March 2025

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What’s in Today’s Report:

  • Market Multiple Table Chart: Similarities to March 2025

Futures are little changed as markets digest the rise in oil and as there were no material new attacks on oil infrastructure overnight.

Rhetoric from both sides (U.S. and Iran) continue to downplay the chances for a cease-fire in the near term.

Economically, EU Industrial Production missed estimates (-1.5% vs. (E) 0.5%) but that’s not moving markets.

Today focus will remain first and foremost on geo-political headlines and we can expect stocks to continue to trade inversely to the price of oil.

Beyond geopolitics, there are several notable economic reports today including, in order of importance, Core PCE Price Index (E: 0.4% m/m, 3.0% y/y), JOLTS (E: 6.75 million), Durable Goods (E: 0.5%), Final Q4 GDP (E: 1.4%) and Consumer Sentiment (E: 56.2).  If Core PCE and the growth data are better than expectations, that will help support this market.

 

March Market Multiple Table: Two New Risks

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What’s in Today’s Report:

  • March Market Multiple Table: Two New Risks

Futures are moderately lower on higher oil prices as Iran continued attacks on tankers in the Persian Gulf.

Iran attacked additional oil tankers overnight, setting at least two tankers ablaze off Iraq and that pushed oil back above $90/bbl, which weighed on futures.

There were no notable economic reports overnight.

Today focus will stay on the war and put simply, the sooner hostilities abate and ships move through the Strait of Hormuz again, the better for markets.  Any progress towards that will pressure oil and boost stocks and any increased attacks on tankers will boost oil and pressure stocks.

Outside of the conflict, there are two notable economic reports today, Jobless Claims (E: 217K) and Housing Starts (E: 1.34M) and the stronger the numbers, the better as the last thing this market needs is a sudden growth scare.

Finally, earnings continue today and some important reports include: ADBE ($4.85), ULTA ($7.99), DG ($1.61) and DKS ($3.36).

 

Are Stagflation Risks Rising?

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What’s in Today’s Report:

  • Stagflation Risks Rising

Futures are slightly higher as investors weigh the prospects of an emergency oil reserve release by G7 members against news that Iran attacked multiple oil tankers overnight ahead of key U.S. inflation data.

Economically, German CPI held steady at 2.0% vs. (E) 2.0% in February which is serving to ease global inflation worries.

Looking into today’s session, domestic inflation data will be in focus early with CPI (E: 0.3% m/m, 2.4% y/y) and Core CPI (E: 0.2% m/m, 2.5% y/y) due to be released ahead of the bell. Additionally fresh insight regarding the state of the U.S. fiscal situation will be delivered in the afternoon with the release of the Treasury Statement (E: $-308.0B).

There is one Fed speaker scheduled to speak today: Bowman (8:30 a.m. ET) and investors will be looking for any signs of caution regarding rate cuts due to the still tense geopolitical backdrop in the Middle East and the subsequent impact on oil prices/inflation.

The Treasury will hold a 4-Month Bill auction at 11:30 a.m. ET and a 10-Yr Note auction at 1:00 p.m. ET, the latter of which will be closely watched as a proxy for any shift in the growth/inflation outlook by bond investors in recent weeks.

Finally, there are a few earnings releases to watch today including CPB ($0.57), PATH ($0.12), and WOOF ($-0.02), however, the market’s primary focus will remain geopolitical headlines which have proven to be meaningful intraday catalysts this week. Any signs of a sooner-than-later end to the U.S.-Iran military conflict will be well received and support a further relief rally in risk assets.

 

Will “TACO” Work This Time?

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What’s in Today’s Report:

  • Will “TACO” Work This Time?

Futures are tracking global equities higher this morning amid optimism surrounding a sooner-than-later ceasefire in the U.S.-Iran war after President Trump hinted the conflict could end “very soon” late yesterday afternoon.

Economically, the NFIB Small Business Optimism Index edged down -0.5 points to 98.8 vs. (E) 99.7 in February.

Today, there is one noteworthy economic report to watch: Existing Home Sales (E: 3.88 million) while no Fed officials are scheduled to speak.

The Treasury will hold a 6-Week Bill auction at 11:30 a.m. ET and a 3-Yr Note auction at 1:00 p.m. ET, the latter of which will be closely watched as a gauge for the market’s outlook on inflation risks and future Fed policy expectations.

Finally, some late season earnings continue to trickle in with ORCL ($1.34), FNV ($1.68) and KSS ($0.85) due to report quarterly results today. ORCL, being the legacy tech behemoth that it is, will be the key report to watch as its results could either bolster, or pour cold water on, the still fragile AI-narrative this week.

The Market Remains In A Risk-Off Dynamic Says Tyler Richey

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The market remains in a risk-off dynamic

Stocks Are Falling as Oil Prices Head Higher

“The market remains in a risk-off dynamic but positioning is beginning to become stretched with any positive geopolitical news likely to spark a significant relief rally,” said Tyler Richey of The Sevens Report.

However, should the news flow not improve, Richey expects “the pain on Wall Street to continue with small-caps continuing to take the brunt of the selling pressure amid rising interest rates.”

Also, click here to view the full article published in Advisor Perspectives on March 9th, 2026. 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.

Focus Will Remain On Geopolitical Headlines

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Focus today will remain on geopolitical headlines

Stocks Are Falling as Oil Prices Head Higher

“Focus today will remain on geopolitical headlines and any progress towards a cease-fire or increased transit through the Strait of Hormuz will be a positive for stocks,” writes Sevens Report Research’s Tom Essaye.

Also, click here to view the full article published in Barron’s on March 5th, 2026. 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.

Tom Essaye joins Opening Bid host Brian Sozzi to discuss the latest data.

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Tom Essaye joins Opening Bid host Brian Sozzi to discuss the latest data.

Jobs data disappointment fueled by AI displacement & more

Sevens Report founder Tom Essaye, Yahoo Finance Senior Reporter Brooke DiPalma, and Yahoo Finance Senior Reporter Ines Ferré join Opening Bid host Brian Sozzi to connect the dots on the latest data.

Everybody’s sort of making the assumption that the economy is fine, and I get it. Most of the data is showing pretty solid growth. But the reality is that we are still in a labor market that’s a bit in flux. Now, I don’t think the negative 92,000 number is necessarily exactly correct. I think that there was a strike that added 30, I think 1,000, and then the weather did have some sort of impact. But the reality is we are in a no hire, no fire labor market. and that’s fine as long as it’s stable. But if all of a sudden it can quickly go to a firing and layoff labor market, then we have an economic problem and that is exactly what we do not need given all the other headaches we have.

Also, click here to view the full video published on Yahoo Finance on March 6th, 2026. 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 Two Specific Reasons Stocks Dropped Last Week

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What’s in Today’s Report:

  • The Two Specific Reasons Stocks Dropped Last Week
  • Weekly Market Preview: Will Oil Keep Rising? (The Sooner the Strait of Hormuz Reopens, the Better)
  • Weekly Economic Cheat Sheet: CPI in Focus on Wednesday (Markets Need a Tame Number)

Futures are sharply lower on surging oil prices (oil is above $100/bbl) as there was no progress on a ceasefire between the U.S. and Iran or reopening the Strait of Hormuz.

Iran selected the Ayatollah’s son, Mojtaba Khamenei, as supreme leader, confirming that headliners are still in charge and reducing hopes of a near term ceasefire.

Iran damaged a desalination plant in Bahrain, continuing attacks on neighbor’s energy and general infrastructure (this is contributing to the rise in oil).

Today there are no economic reports so focus will remain squarely on Iran.  Any headlines that imply de-escalation should trigger a solid rebound from the early lows while any new attacks on energy infrastructure will boost oil prices and weigh on stocks.

Jobs Day

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What’s in Today’s Report:

  • Jobs Day

Futures are moderately lower on more warnings about potentially extended disruption in Gulf oil production.

Qatar’s energy minister warned that Gulf states could be forced to fully halt oil production within weeks, a move that could send oil to $150/bbl.

Economically, the only notable report was Euro Zone GDP which sightly underwhelmed (0.2% vs. (E) 0.3%).

Today focus will stay on geopolitics but there’s also an important economic report via the February jobs report. Expectations are as follows:  60K Job-Adds, 4.4% UE Rate, 3.7% Wage Growth.  A “Goldilocks” jobs report will help support markets despite negative geopolitical headlines while a “Too Hot” or “Too Cold” report will add to downward pressure.

Away from the jobs report, we also get Retail Sales (E: -0.4%) and one Fed speaker, Hammack (1:30 p.m. ET), but they shouldn’t move markets.

 

Why the Strait of Hormuz Problem Likely Isn’t Solved Yet

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What’s in Today’s Report:

  • Why the Strait of Hormuz Problem Likely Isn’t Solved Yet
  • Jobs Report Preview (Economic Data Is Key for this Market)

Futures are flat as there were no new significant headlines from Iran overnight while tech earnings beat estimates.

Geopolitically, investors are focused on when transit resumes through the Strait of Hormuz and there was no new news overnight.

Broadcom (AVGO) beat earnings and that’s helping to further fuel a tech rebound.

Focus today will remain on geopolitical headlines and any progress towards a cease-fire or increased transit through the Strait of Hormuz will be a positive for stocks.

Away from geopolitics, there are two notable economic reports today, Challenger Layoffs (Last: 108k) and Jobless Claims (E: 215K).  The stronger these numbers, the better, as they reinforce growth is solid (and that’s an important support for this market).

Finally, there is one Fed speaker, Bowman (1:15 p.m. ET) and some notable earnings:  MRVL ($0.62), COST ($4.55), IOT ($-0.01).