Gasoline demand is being closely watched as a high-frequency proxy
Gasoline demand is being closely watched as a high-frequency proxy for consumer spending, said Tyler Richey, co-editor at Sevens Report Research.
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Gasoline demand is being closely watched as a high-frequency proxy for consumer spending, said Tyler Richey, co-editor at Sevens Report Research.
There are only really three important weeks of earnings season, and Disney comes the week after it, Sevens Report Research’s Tom Essaye told Barron’s
The bottom line is that things aren’t as bad as people were afraid of about 10 days ago, and now the market is rallying…Essaye says.
“Optimism regarding a ceasefire between Israel and Hamas had been building over the last week or so, and that was reflected in last week’s steep drop in oil futures price,” Tyler Richey, co-editor at Sevens Report Research, told MarketWatch.
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“Since the start of the year, markets have held up well to a dramatic reduction in rate-cut estimates,” Tom Essaye, founder and president of Sevens Report Research, said.
Bottom line, there are a lot of potential catalysts for markets today but the key to stocks stabilizing…writes Sevens Report Research’s Tom Essaye.
I can tell you with a lot of confidence that if Google [parent Alphabet] and Microsoft did not post strong earnings last week, we would be below 5000 in the S&P 500 Sevens Report Research’s Tom Essaye told Barron’s.
“What I think that’s doing is reminding everybody, after a couple of days of a breather, that there’s really a long and growing list of indicators that are showing price pressures are firming up,” Essaye says.
“Most of today’s moves are being driven by the tech earnings, which is helping ease the anxiety from Thursday’s results,” Sevens Report Research’s Tom Essaye told Barron’s.
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