Tom Essaye, Highlights The Significance of The Job Data
Tom Essaye, highlighted the significance of the job data, suggesting it could greatly influence the S&P 500’s trajectory.
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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.
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.
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