The Fed is going to cut at some point—but nobody knows when
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.
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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.”
In an interview with Barron’s, Tom Essaye of Sevens Report Research said the durable-goods number showed stable growth while the consumer confidence reading was light.
Sevens Report technical analyst Tyler Richey laid out the case for a looming pullback for bitcoin as its relative strength index, a tool commonly used by technical strategists to measure the sustainability of a sharp rally or selloff.
Yesterday’s weekly inventory data from the EIA was largely bullish but the futures market had become overbought…analysts at Sevens Report Research wrote in a note.
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