Expect General Digestion of Last Week’s Rally
“It’d take a major beat or miss to move markets, so we should expect continued general digestion of last week’s rally,” said Tom Essaye.
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“It’d take a major beat or miss to move markets, so we should expect continued general digestion of last week’s rally,” said Tom Essaye.
Sevens Report Research’s Tom Essaye told Barron’s it looked like a “wait and see day” ahead of the personal consumption expenditures price…
One potential catalyst that could shake up markets today is the 20-Year Treasury Bond auction at 1:00 p.m. ET as weak…writes Tom Essaye.
Expect more sideways trading in equities today with the threat of a continued move higher on bullish market momentum…Tom Essaye writes.
WTI crude-oil futures had been trading lower as investors digested the New York Empire State Manufacturing release, said Tyler Richey.
But now will be required to be reported in total oil inventory figures, Tyler Richey, co-editor at Sevens Report Research, said.
Risks are skewed to the upside into the end of the week pending good consumer demand readings for refined…Tyler Richey told MarketWatch.
Risk of another U.S. government shutdown is rising as there needs to be a short-term spending deal by Friday to avoid a…Esaye writes.
A 50 basis point drop in the 10-year Treasury yield were overdone and not governed by facts…said Tom Essaye, of Sevens Report Research.
Investors are searching for what’s next and that could be either 1) A growth scare or 2) A resumption of the soft landing…Tom Essaye said.
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