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