The 10-year is now trading at a key level that could prove to be an inflection point for…according to Tom Essaye of the Sevens Report. Click here to read the full article.
Yields on the 10-year Treasury shot up 3.5 basis points on Tuesday to their…market analyst Tom Essaye, president of Sevens Report Research, said in a note. Click here to read the full article.
If economic and inflation data is solid this week, and the 10-year yield can breakthrough the mid-1.50% range…Tom Essaye of the Sevens Report said in a note. Click here to read the full article.
But it’s held some support now. And it’s starting to bounce back. I think that’s generally…Tom Essaye, founder and president of Sevens Report Research. Click here to read the full article.
Really what you’re seeing is, across asset classes, the market [is adopting] a pro-cyclical view…Tom Essaye, The Sevens Report Research Founder. Click here to read the full article.
The losses quickly spread to broader markets as experts started warning its default…market analyst Tom Essaye wrote in a note last week. Click here to read the full article.
Investors should prepare for more volatility over the coming days…according to Tom Essaye, a former Merrill Lynch trader who writes the “Sevens Report” newsletter. Click here to read the full article.
What’s in Today’s Report:
Stock futures are rebounding from yesterday’s sharp losses this morning as bond yields pullback with the 10-year dipping below 1.50% overnight, easing valuation concerns.
Regarding Evergrande, the company’s stock rallied 15% overnight as the developer announced the partial sale of a regional bank stake that will result in $1.5B in cash.
Looking into today’s session there is one economic report: Pending Home Sales Index (E: 0.9%) but it should not move markets.
That will leave traders focused on a busy day of Fed chatter: Harker (9:00 a.m. ET), Powell (11:45 a.m. ET), Daly (1:00 p.m. ET), Bostic (2:00 p.m. ET), and Williams (5:00 p.m. ET).
Bottom line, the bond market has been a major driver of equity flows this week and if yields continue to pullback as they did overnight, then a rebound in the major stock indexes is likely however a retest of yesterday’s highs would result in another uptick in volatility.
The “risk-off money flows” that are hitting the U.S. stock market on Tuesday also dragged crude and other…Tyler Richey, co-editor at Sevens Report Research, told MarketWatch. Click here to read the full article.
From a futures market standpoint, bullish energy calls from big banks including Goldman Sachs and major oil traders like…said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.
