Stock Futures Are Bouncing
Stock futures are bouncing back modestly and bonds are stable this morning amid improvement in Chinese economic data,” said Tom Essaye.
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Stock futures are bouncing back modestly and bonds are stable this morning amid improvement in Chinese economic data,” said Tom Essaye.
Sevens Report’s Tom Essaye wrote, shutdowns don’t impact enough people or last long enough to have a lasting macroeconomic impact.
Tom Essaye shares why defensive sectors such as Healthcare, consumer staples, and utilities are sectors to hide in the current market.
High-yield debt spreads are still not showing any degree of concern for either…Tyler Richey, co-editor at Sevens Report Research, wrote.
Gold’s Outlook: A hawkish decision would be bearish for gold, while a dovish surprise would support a run beyond $2,000 said Sevens Report.
Focus will be on economic data and if data is ‘Goldilocks’ like we saw on Thursday, expect a continuation of…writes Tom Essaye.
Sevens Report Research’s Tom Essaye told Barron’s he believes the market is experiencing a form of a relief rally as stocks pop.
“China cut bank reserve requirements by 25 basis points in the latest step to help support the Chinese economy. And there are signs these measures are starting to have an impact,” said Tom Essaye, founder of Sevens Report Research.
Oil Futures Drop on Demand Concerns as U.S. inflation figures prompt concerns of a ‘higher for longer’ Fed policy rate, said Tyler Richey.
Tom Essaye, founder of Sevens Report Research, highlights recent economic shifts. U.K. GDP drops after strong wage data, while EU Industrial Production declines. Rates markets maintain a 75% likelihood of an ECB rate hike this week.
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