Last night my wife and I went out to dinner with friends. Shortly after we sat down, the conversation shifted to work, and eventually to what I do each day at The Sevens Report. When describing the value that The Sevens Report provides to our paid subscribers, my wife’s friend said, “so you’re basically a […]
When I think about what’s become of the Fed, it almost makes me sad. I’m dating myself a bit by saying this, but when I started in this business the Fed was a revered (and sometimes feared) institution. In the early 80s, “with a tear” in his eye, Volker rose interest rates and broke inflation. […]
“I’ve Got Your Six.” You may have heard that saying – it’s a military term and it means, “I’m watching your back,” as the “six” refers to your “Six O’clock.” Here at The Sevens Report, we often say that we’ve got our subscribers’ “six,” and that’s why in today’s paid edition of the Report we […]
The music is back on. Several times over the past few years I’ve referred to the markets as a real life game of “musical chairs.” We all know the children’s game: When the music plays you run around the chairs and you hope that you have a place to sit when the music stops, otherwise […]
Stocks surged last week thanks almost entirely to the post-jobs-report Friday rally. The S&P 500 rose 1.28% on the week, and is up 4.21% year to date, and now is within a few points of its all-time high. Despite the gains, the week started with some volatility as the S&P 500 dropped 1% Tuesday following […]
Since the Brexit vote we’ve been focused on watching European banks, as they will tell us when potential anti-EU political contagion morphs into actual financial contagion (which would be a bearish game changer). And while far from an “all clear,” there have been a few positives for European banks last week. First, the SX7P, the […]
Around 7 p.m. last night those of us watching markets knew we had a problem. The results from Sunderland came in massively for “Leave,” and they were expected to only show a marginal “Leave” victory. Immediately the pound dropped 4% on the news and global markets moved sharply lower. It was the first clue there […]
Many subscribers to the Sevens Report have been asking: What Will Make Brexit Good, Bad and Ugly Why a “Remain” Vote May Not Be A Positive for Stocks How Stocks, Bonds and the Dollar Will React Depending on the Vote How to Protect Portfolios and Seize Opportunities Regardless of the Outcome. Brexit Preview: Good, […]
When you started in this business, did anyone sit you down and explain that watching things like the “10’s minus 2’s Spread” could help predict economic slowdowns and potentially avoid stock markets declines? Me either. I learned it the hard way – through being an execution trader and later a buy side portfolio manager through […]
Last Week Data was sparse last week but the reports that did come were lack luster and while none of them are enough to increase concerns over the pace of the US economy, it is an undeniable point that data has underwhelmed lately, and that’s especially notable given the Fed just hiked rates. The highlight […]