Rising Oil Prices Will Continue to Act as a Headwind
Rising oil prices will continue to act as a headwind on risk assets, writes Sevens Report Research’s Tom Essaye.
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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.
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.
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