Tom Essaye Interviewed with TD Ameritrade on August 5, 2020
Tom Essaye intereviewed with Oliver Renick from TD Ameritrade discussing ISM non-manufacturing, COVID-19 trends, stimulus and more…
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Tom Essaye intereviewed with Oliver Renick from TD Ameritrade discussing ISM non-manufacturing, COVID-19 trends, stimulus and more…
Tyler Richey, co-editor of Sevens Report Research, said oil prices did get a boost after Gilead Sciences Inc. GILD, 1.97% said clinical trial data show its antiviral drug remdesivir reduced the risk of death for coronavirus patients by 62%. The news also provided support to the U.S. stock market. “Oil futures have…” said Richey.
“A combination of 1) Stimulus, 2) Positive trends in the virus, 3) Economic reopenings and 4) Hopes for a vaccine drove stocks higher in Q2,” wrote Tom Essaye, founder of The Sevens Report.
Futures prices traded in contango last month, when the May contract settled at a negative price on April 20, a day ahead of its expiration. “There was limited refinery demand and clearly…” said Tyler Richey, co-editor at Sevens Report Research.
What’s in today’s report: Technical update: Headwinds building? Futures are modestly lower, Chinese economic data was mixed, Today will be an important day for economic data and more…
What’s in today’s report: Current market catalysts (they changed last week), weekly market preview, weekly economic cheat sheet, Futures, and more…
“The oil market is sending a bold warning that economic growth may not recover nearly as quickly as some equity investors would hope,” wrote Tom Essaye, president of the Sevens Report, in a Tuesday note to clients. “The S&P 500 is pricing a relatively quick return to a normal economy…”
What’s in today’s report: Market multiple table update, Oil rig counts continue to plunge, Futures are solidly higher this morning, Coronavirus hotspots and more…
What’s in today’s report: Technical update, Jobs report preview, Futures are moderately lower, global service PMIs were worse than expected and more…
Tom Essaye interviewed with Ben Lichtenstein from TD Ameritrade. He talks expectations for Micron guidance due to COVID-19 and more…
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