Tyler Richey of the Sevens Report highlights a market breadth concern
Tyler Richey of the Sevens Report highlights a market breadth concern: there are more stocks trading below their 200-day average than their 50-day average.
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The threat of significant earnings reports or major economic releases
Without the threat of significant earnings reports or major economic releases, investors appear to be operating in an environment that is “1) easing Fed, 2) slowing but ‘OK’ economic data, and 3) generally solid earnings,” Sevens Report said in a recent note.
Beyond the very short term, it’s all about growth
“Beyond the very short term, it’s all about growth,” Tom Essaye says.
Markets are currently facing “tectonic risks”
The latest Sevens Report issued a warning, stating that markets are currently facing “tectonic risks” that could pose significant threats over time.
Wednesday’s CPI inflation report has the door open to a half-percentage-point reduction
Tom Essaye, founder of Sevens Report Research – said that if Wednesday’s CPI inflation report came in weaker than expected and left the door open to a half-percentage-point reduction on Sept. 18, that would be “better for markets” and “generally welcome” news.
The Fed could fall behind the curve as real interest rates continue to rise.=
The real risk, according to Sevens, is that the Fed could fall behind the curve as real interest rates continue to rise.
Tom Essaye, president of Sevens Report Research, joins BNN Bloomberg
Tom Essaye, president of Sevens Report Research, joins BNN Bloomberg to discuss the markets and discusses top risks that tech leadership poses to market stability.
Wednesday’s CPI could be the deciding factor
Wednesday’s CPI could be the deciding factor in whether the Fed decides to cut 50 bps next week or 25 bps, said Tom Essaye, founder of Sevens Report Research.
Investors were hoping overall CPI would be much closer to 2%
Investors were hoping overall CPI would be much closer to 2%, instead of the 2.5% that was reported, Tom Essaye founder of Sevens Report Research told Barron’s.
The GulfCoast is where roughly half of the nation’s refined products are produced
The GulfCoast is where roughly half of the nation’s refined products are produced and a good portion of crude is lifted from the ground, analysts at Sevens Report Research wrote.