Entries by Tom Essaye

North Korea Update, August 10, 2017

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James and more… see if The Sevens Report is right for you with a free two-week trial. Stocks are down again this morning on this topic, and the reason is because North Korea said it will shoot a missile […]

Is the Earnings Rally Losing Steam?

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James and more… see if The Sevens Report is right for you with a free two-week trial. Earnings have been an unsung hero of the 2017 rally, but there are some anecdotal signs that strong earnings may already […]

Goldilocks Jobs Report Preview, August 3, 2017

Goldilocks Jobs Report Preview: What Will Make the Report too Hot, too Cold, or Just Right? What a difference a month makes. For June’s jobs report, we were equally worried about a “Too Hot” report sending bond yields materially higher, and a “Too Cold” report implying a loss of momentum in the jobs market. Now, […]

Are Banks About to Break Out?

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James and more… see if The Sevens Report is right for you with a free two-week trial. Banks were again the highlight, as BKX rose 0.83%, and that pulled the Financials SPDR (XLF) up 0.72%. The bank stock […]

Weekly Market Cheat Sheet, July 31, 2017

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James and more… see if The Sevens Report is right for you with a free two-week trial. Last Week in Review Data has been remarkably consistent the last few weeks, including last week: “OK” but not great economic […]

What Caused The Mid-Day Selloff?

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James and more… see if The Sevens Report is right for you with a free two-week trial. The most likely “cause” of the midday reversal and selloff (which frankly looked ugly for an hour or so) was a cautious […]

FOMC Takeaways, July 27, 2017

FOMC Preview: Get the simple talking points you need to strengthen your client relationships with a free trial of The Sevens Report. FOMC Decision • As expected, the Fed left rates unchanged and did not alter its balance sheet. Takeaway The Fed decision met our “What’s Expected” scenario, as the Fed said balance sheet reduction […]

Cutting Through the Political Noise: 4 Events That Could Actually Cause A Pullback, July 26, 2017

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James and more… see if The Sevens Report is right for you with a free two-week trial. The political noise and theatre has officially reached a new level, with Russia, pardons, impeachment and other such terms of significant connotation […]

FOMC Preview and Projections plus the Wildcard to Watch, July 25, 2017

FOMC Preview: Get the simple talking points you need to strengthen your client relationships with a free trial of The Sevens Report. Tomorrow’s FOMC meeting is important to markets for multiple reasons, because it will give us additional color on when the Fed will begin to reduce its balance sheet, and whether a December rate […]

Weekly Market Cheat Sheet, July 24, 2017

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James and more… see if The Sevens Report is right for you with a free two-week trial. Last Week in Review The economic calendar picks up this week beginning with the flash PMI today (9:45 a.m. ET), as […]