Consumer demand remains rather strong
Consumer demand remains rather strong “despite higher prices at the pump this year and simmering concerns about the health of the economy,” Tyler Richey, co-editor at Sevens Report Research, told MarketWatch.
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A lack of market breadth won’t lead to markets reversing
Though a lack of market breadth won’t lead to markets reversing, Sevens Report Research’s Tom Essaye told Barron’s, it is worth watching.
This number reinforces expectations for a September rate cut
Sevens Report Research’s Tom Essaye told Barron’s the report was more of a “Goldilocks” number, meaning it was “just right.”
Potential slowdown in demand at the pump
There was evidence of that “potential slowdown in demand at the pump” in the Energy Information Administration’s report released Wednesday, said Tyler Richey, co-editor at Sevens Report Research.
Strong demand (lower yields) will reaffirm the dovish shift in Fed policy
Strong demand (lower yields) will reaffirm the dovish shift in Fed policy expectations this month while…writes Sevens Report Research’s Tom Essaye.
AI enthusiasm remains alive, well and raging!
AI enthusiasm remains alive, well and raging! Tom Essaye, founder of the Sevens Report, wrote Monday.
The Fed outlook is essentially known at this point
“The Fed outlook is essentially known at this point,” Sevens Report Research’s Tom Essaye tells Barron’s.
I expect the rest of the week to be very quiet
“It essentially will kind of kill the week, to be honest, because anybody that can take Thursday and Friday off just got basically almost a week off,” Sevens Report Research’s Tom Essaye told Barron’s. “There will be plenty of people who will do that. So I expect the rest of the week to be very quiet.”
Oil has recovered from its early June pullback to test seven-week highs
Oil has recovered from its early June pullback to test seven-week highs on “price-supportive rhetoric” from the Organization of the Petroleum Exporting Countries and its allies, said Tyler Richey, co-editor at Sevens Report Research.
These are all contributing to the recent rebound in the oil market
“Price-supportive OPEC+ rhetoric, evidence of strong domestic demand at the start of the U.S. summer driving season, rising geopolitical tensions overseas, and renewed hopes for a perfectly executed soft landing by the [Federal Reserve] are all contributing to the recent rebound in the oil market,” said Tyler Richey, co-editor at Sevens Report Research.