The Health of the World’s Second-Largest Economy
The news is alleviating some lingering concerns about the health of the world’s second largest economy, said Tom Essaye.
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The news is alleviating some lingering concerns about the health of the world’s second largest economy, said Tom Essaye.
I will begin to ‘nibble’ on utilities, staples and healthcare on the long side starting today, and I’ll rotate out of…said Tom Essaye.
Tom Essaye attributed this slump to rising geopolitical tensions pointing to how the related surge in crude oil prices may impact inflation.
Tom Essaye, president of Sevens Report Research, join BNN Bloomberg to discuss the latest Canada and US jobs data.
From a market standpoint the attack matters because rising geopolitical tensions mean higher oil prices and the higher oil…said Tom Essaye.
Tom Essaye, highlighted the significance of the job data, suggesting it could greatly influence the S&P 500’s trajectory.
“Tomorrow’s jobs report may be the most important one of the year,” according to Tom Essaye, a former Merrill Lynch trader.
That doubt is adding to the upward pressure in Treasury yields and while that is not the only reason yields have risen, wrote Tom Essaye.
If it holds, copper could recover and signal a relief rally developing in risk assets more broadly but a…wrote Sevens Report’s Tom Essaye.
Encouraging inflation data from Europe was partially offset by ongoing government shutdown and labor strike worries,” said Tom Essaye.
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