Tom Essaye Interviewed with Yahoo Finance on March 13, 2020
Tom Essaye interviewed with Brian Sozzi and Alexis Christoforous from Yahoo Finance to discuss the stock market and more…
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Tom Essaye interviewed with Brian Sozzi and Alexis Christoforous from Yahoo Finance to discuss the stock market and more…
“Oil is the only market that is more volatile than stocks right now, as futures traders continue to digest the implications of the new price war…” said Tyler Richey, co-editor at Sevens Report Research.
Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss what’s behind this morning’s market action with Tom Essaye of The Sevens Report Research.
Tuesday’s rebound for oil is “relatively modest” compared to Monday’s plunge, said Tyler Richey, co-editor at Sevens Report Research. “We could easily see a retracement higher in prices in the days and weeks ahead…”
U.S. oil futures settled more than 10% higher on Tuesday, rebounding a bit a day after posting the largest percentage loss since 1991. Tuesday’s rebound for oil is “relatively modest” compared to Monday’s plunge, said Tyler Richey, co-editor at Sevens Report Research.
The positive feedback started off with B. of A. Securities strategists who noted that—once the panic finally died off—there was room for “huge rotation to growth stocks and bond proxies” to kick in. The Sevens Report noted that…
Tom Essaye interviewed with Oliver Renick from TD Ameritrade to discuss the market, oil, coronavirus, and much more.
OPEC’s recommendation for the 1.5 million barrel per day cut was “a bullish surprise versus…” which total 500,000 barrel per day, said Tyler Richey, co-editor of Sevens Report Research.
Sevens Report’s Tom Essaye said Friday that another rate cut might be a bearish signal for the economy.“While this is a fairly unique situation that the markets have rarely seen in the past, especially in the age of high-frequency…” Essaye said.
The EIA, however, also reported that domestic production edged up to a fresh all-time high of 13.1 million barrels a day and “exports from the U.S. climbed to their second highest level…” said Tyler Richey, co-editor at Sevens Report Research.
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