Investors are on edge that the Fed may delay rate cuts
Investors are on edge that the Fed may delay rate cuts from June until later in the summer (or late in 2024) if we get another hot employment report, Sevens Report founder Tom Essaye explained.
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Investors are on edge the Fed may delay rate cuts
“Investors are on edge the Fed may delay rate cuts from June until later in the summer (or late in 2024) if we get another hot employment report,” Essaye wrote.
The key for the ISM manufacturing survey is stability
The key for the ISM manufacturing survey is stability. An in-line or better than expected result will further reinforce that growth…said Tom Essaye.
Any surprises could move yields and impact equities
With the elevated level of market anxiety surrounding Friday’s Core PCE release (when markets will be closed) any surprises via strong or weak demand in the auction could move yields and impact equities.”
Tom Essaye interviewed by Barron’s
In an interview with Barron’s, Tom Essaye of Sevens Report Research said the durable-goods number showed stable growth while the consumer confidence reading was light.
Sevens Report Technical Analyst Tyler Richey Laid Out The Case For A Looming Pullback For Bitcoin
Sevens Report technical analyst Tyler Richey laid out the case for a looming pullback for bitcoin as its relative strength index, a tool commonly used by technical strategists to measure the sustainability of a sharp rally or selloff.
Data from the EIA was largely bullish
Yesterday’s weekly inventory data from the EIA was largely bullish but the futures market had become overbought…analysts at Sevens Report Research wrote in a note.
Growth is holding up, and that’s the key
“Growth is holding up, and that’s the key,” Essaye says.
The major question for tomorrow’s meeting is what do the dots say?
“The major question for tomorrow’s meeting is what do the dots say: two or three rate hikes?” Essaye says. “That’s really gonna determine how the market reacts to this meeting.”
The March FOMC meeting begins today
“The March FOMC meeting begins today and barring any material ‘tape bombs’ the markets should fall into a familiar positioning churn ahead of tomorrow’s policy announcement and Powell’s press conference,” writes Sevens Report Research’s Tom Essaye.