Entries by Tom Essaye

Brexit Vote Preview

Citi Earnings: Not a bad start to the season, Brexit “Meaningful Vote” preview, U.S. futures are modestly higher this morning, tracking gains in Asian shares thanks to chatter of further stimulus measures by the Chinese government, there are three Fed speakers today: Kashkari (11:30 a.m. ET), Kaplan (1:00 p.m. ET), and George (1:00 p.m. ET) and more.

Market Outlook (After the Bounce)

Market Outlook (After the Bounce), weekly economic cheat sheet (important first looks at January data), weekly market preview (all about earnings), futures, Chinese exports badly missed expectations and more.

Earnings Season Preview (Market or Break for the Bull Market)

Earnings Season Preview: Two important factors, futures are slightly lower despite generally good news overnight, today is all about the CPI report (E: -0.1% m/m, 1.9% y/y). Both the headline and core need to stay around 2.0% yoy for this “dovish” Fed narrative to continue to grow, as a hot CPI report could undo some of the rally markets have enjoyed since last Friday and more.

Technical Update (Bounce or Bottom?)

Technical Market Update – Bounce or Bottom?, U.S./China Trade Update (What’s Next and What Sectors Benefit), Futures are modestly lower as markets digest the recent rally following a quiet night of news. Today focus will remain on the Fed as we get multiple Fed speakers, highlighted by Fed Chair Powell (1:00 PM) and Vice Chair Clarida (5:30 PM) and more.

January Economic Breaker Panel Update

Some improvement in the Economic Breaker Panel: Three breakers tripped, January update, futures are cautiously higher this morning mostly thanks to optimism about the US-China trade situation as “mid-level” meetings concluded in Beijing overnight, President Trump’s address to the nation last night regarding border security and the government shutdown did not have a material effect on markets and more.

Encouraging Signs from Credit

Some encouraging signs from credit, futures are higher with international shares, today, there is one economic report to watch: International Trade (E: -$53.9B) which has been more closely watched since U.S.-China trade tensions first escalated while there are no Fed officials scheduled to speak and more.

Four Keys to a Market Bottom Updated

What’s in Today’s Report: Four Keys to a Market Bottom – More Progress But Not There Yet Weekly Market Preview Weekly Economic Cheat Sheet Futures are marginally lower following a quiet weekend as markets digest Friday’s big rally. Economic data was mixed overnight as Japanese Composite PMI and German Manufacturers’ Orders missed estimates.  However, German […]

How Bad Can It Get? Valuation Worst Case Scenario

How bad can it get? Valuation worst case scenario, futures are sharply higher after China took further steps to support the economy while economic data was mixed, China announced a 1% cut to bank reserve requirements requirements and pledged to do more to support the economy and more.

Jobs Report Preview

Jobs report preview, is the AAPL decline an opportunity for value stocks?, futures are down more than 1% as AAPL sharply cut Q4 revenue guidance, economically UK Construction PMI and Euro Zone Money supply both slightly missed expectations and more.

More Growth Fears

The Aussie-Yen points to further growth fears, S&P futures are tracking international shares lower to start the year this morning, the Chinese Caixin Manufacturing PMI Index fell 0.5% to 49.7 in December suggesting the world’s second largest economy is slipping into contraction. there is one economic report to watch: PMI Manufacturing Index and more.