CPI’s Influence on Market Dynamics: A Closer Look
Tom Essaye, founder of The Sevens Report, unravels how the Consumer Price Index (CPI) influences market dynamics, potentially affecting a more hawkish Fed and stocks.
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Oil Market Analysis: Potential Pullback Amidst Upward Trend
Delve into the analysis from Sevens Report Research, shedding light on the robustness of global oil demand driving the market to new highs. While the market displays an upward trend, caution flags are raised as futures reach overextended levels, signaling a potential profit-taking pullback.
CPI Impacts Two of The Three Pillars of The Rally
CPI impacts two of the three pillars of the rally: disinflation and expectation the Fed is done with rate hikes,” Essaye noted.
Tech Shares Have Been Driving The Major Stock Indices So Far This Week
Tech shares have been driving the major stock indices so far this week, as focus turns ahead to CPI tomorrow, Essaye writes.
CPI remains the most important monthly economic metric
CPI remains the most important monthly economic metric for the simple reason that if CPI does not continue to decline, markets will have to price in a more hawkish Fed.
Get defensive but hold onto the magnificent seven
Tom Essaye, president of Sevens Report Research, joins BNN Bloomberg for his cautious outlook for the markets and getting more defensive.
The Fundamental Focus of the Oil Market Has Shifted: Oil Futures
The fundamental focus of the oil market has shifted from demand to the supply side as Russia and Saudi Arabia caught markets off guard with their output cut extension announcements. Factoring in the extended cuts, many forecasts reflect deepening supply deficits in physical markets into the end of the year. This has resulted in the latest leg higher to fresh 2023 highs in oil.
Stable Treasury Yields: Tom Essaye’s Insight
In a recent feature in Barron’s, he emphasizes the significance of stable Treasury yields in catalyzing the rebound of stocks from last week’s losses. Explore how the tech sector is spearheading this upward surge.
Focus Remains on Treasury Yields Today
No major U.S. economic data is set for release on Monday, so the focus will remain on Treasury yields, said Tom Essaye.
German Industrial Data: Tom Essaye Quoted in Barron’s
Tom Essaye, founder of Sevens Report Research, weighs in on the global economic concerns arising from this data out of Germany.