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.
Geopolitical factors remain the “primary influence on the oil market,” and news that Israel was withdrawing some troops from parts of Gaza was seen as a step toward de-escalation in its military conflict with Hamas, Tyler Richey
A rising Vix coupled with a pickup in demand for bearish put options are signs that the market has likely reached a “tipping point” and could continue to soften in the weeks ahead, according to Tyler Richey, co-editor of Sevens Report Research
We’re at this point where we all know the Fed is going to cut at some point—but nobody knows when—and it’s all going to be up to the data,” he says.
Geopolitical factors remain the “primary influence on the oil market,” and news that Israel…Tyler Richey, co-editor at Sevens Report Research, told MarketWatch.
The CPI report has the potential to either push the S&P 500 index to new highs or extend the U.S. stock market’s drop last week, according to a Sevens Report Research note on Monday.
Investors are on edge that the Fed may delay rate cuts from June until later in the summer (or late in 2024) if we get another hot employment report, Sevens Report founder Tom Essaye explained.
“Investors are on edge the Fed may delay rate cuts from June until later in the summer (or late in 2024) if we get another hot employment report,” Essaye wrote.
The key for the ISM manufacturing survey is stability. An in-line or better than expected result will further reinforce that growth…said Tom Essaye.
With the elevated level of market anxiety surrounding Friday’s Core PCE release (when markets will be closed) any surprises via strong or weak demand in the auction could move yields and impact equities.”