Powell’s Speech Main Takeaway
The main takeaway from Powell’s speech was that in this situation, there’s no way the Fed can get dovish, said Sevens Reports Tom Essaye.
Employee account created by MemberMouse
The main takeaway from Powell’s speech was that in this situation, there’s no way the Fed can get dovish, said Sevens Reports Tom Essaye.
On the earnings front, we get a lot of important reports later this week. Any progress on electing a Speaker of the House…Essaye writes.
The 10-year yield sits at 5.00% as of this writing, and the higher it goes today, the lower stocks will likely fall,” said Tom Essaye.
So, trading today will be dominated by politics, geopolitics, and yields, writes Sevens Reports Research’s Tom Essaye.
It’ll be very hard for this market to meaningfully rally with yields this high, Sevens Report Research’s Tom Essaye told Barron’s.
Rising oil prices will continue to act as a headwind on risk assets, writes Sevens Report Research’s Tom Essaye.
Treasury yields are rising back towards cycle highs on news that President Biden will travel to Israel tomorrow to try and…Essaye wrote.
Essaye wrote, “Point being, yields are rising as investors get more comfortable with the geo-political environment.”
An invasion of Gaza by Israel remains imminent but so far the conflict hasn’t expanded regionally and oil is little changed as a result.
Israel warned more than one million residents to evacuate southern Gaza as Israel Readies For A Potential Invasion…Tom Essaye wrote.
4880 Donald Ross Rd., Suite 210
Palm Beach Gardens, FL 33418
info@sevensreport.com
(561) 408-0918