Growth Data Becomes Even More Important
Essaye adds that Thursday’s growth data becomes even more important because the bullish thesis is built on a belief the central bank cuts rates and growth stays stable.
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The Market Had Gotten Ahead Of Itself
Sevens Report Research’s Tom Essaye told Barron’s in a phone interview that while the report didn’t imply that inflation was bouncing back significantly, the market had gotten ahead of itself by pricing in inflation crashing to the Federal Reserve’s 2% target.
Sevens Report Research’s Tom Essaye Quoted In Barron’s
Sevens Report Research’s Tom Essaye told Barron’s that the Federal Reserve Bank of New York released median inflation expectations from its January survey…
Expectations of a “higher-for longer” policy by the Federal Reserve
Expectations of a “higher-for longer” policy by the Federal Reserve are weighing on the demand outlook and have therefore acted as a headwind for U.S. benchmark oil prices recently, Tyler Richey, co-editor at Sevens Report Research, told MarketWatch.
The Burden Of Proof Lies Squarely With The Bears
The burden of proof lies squarely with the bears and so far, the economic data and Fed speak hasn’t done enough to disprove any of those four bullish factors,” wrote the firm.
The Four Drivers Of This Bull Market
Last week’s news and data reinforced the four drivers of this bull market: Fed rate cuts by May, solid economic growth, continued disinflation and strong earnings, according to Tom Essaye at the Sevens Report.
European Shares Edged Up On Better Than Feared Retail Sales
European shares edged up on better than feared Retail Sales and a very strong German Manufacturing Orders Report, said Tom Essaye, founder of Sevens Report Research.
The Oil Market Has Seemed Skeptical
The oil market has seemed skeptical of the potentially positive demand implications of the recent string of strong economic data, though prices did move up in the wake of the better-than-expected ISM report, Tyler Richey, co-editor of Sevens Report Research, told MarketWatch.
What Is The VIX Suggesting?
What Is The VIX Suggesting? A break above the December high for the VIX “would suggest more volatility looming ahead…said Tom Essaye.
Gasoline And Distillate Fuel Supplied Fell Off A Cliff
Gasoline and distillate fuel supplied, which is typically viewed as an implied measure of consumer demand fell off a cliff said Tyler Richey.