Entries by Tom Essaye

New S&P 500 Measured Move Targets

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What’s is in today’s report: New S&P 500 measured move targets, Futures are solidly higher, British Retail Sales were much stronger, New daily coronavirus cases continued to increase in the U.S., and more…

Tom Essaye Quoted in Bloomberg on May 30, 2020

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Tom Essaye, a former Merrill Lynch trader who founded “The Sevens Report” newsletter, points to the years after the financial crisis, when a liquidity explosion led to surges in asset prices — from stocks to bonds, real estate and gold. “If past is prologue…”

Is There a “Second Wave” Coming?

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What’s in today’s report: Is there a second wave coming? Let’s look at the data. Stock futures are rising, Today, investors will be focused on economic data, attention will shift to Fed Chair Powell’s semiannual testimony and more…

Economic Breaker Panel: June Update

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What’s in today’s report: Economic Breaker Panel: June update, NFIB small business optimism index takeaways, S&P futures wavered between gains and losses, FOMC Meeting Announcement (2:00 p.m. ET) and more…

FOMC Preview

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What’s in today’s report: FOMC preview (wildcard to watch), What do rising treasury yields really mean? S&P 500 futures are down, , there are two lesser followed economic reports due, Fed announcement and Powell’s press conference coming into focus and more…

Jobs Report Preview

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What’s in today’s report: Jobs report preview, ECB decision takeaways, Futures are sharply higher, the rally in Europe didn’t come because of any new headlines and more…