What Rising Geo-Political Tensions Mean for Markets

/in /by

What’s in Today’s Report:

  • What the Spike In Geo-Political Tensions Means for Markets
  • What’s the Worst Case Geo-Political Scenario With Iran?

Futures are sharply lower following a spike in geopolitical tensions after a U.S. military strike killed a high ranking Iranian general.

A U.S. missile strike killed Iranian general Suleimani, who was the head of the Iranian military and arguably the second (and definitely the third) most important man in Iran.  Iran has vowed a response and oil spiked 4% on the news.

Today focus will be on any Iranian military response, and obviously a further escalation in tensions will be negative for markets.

Away from geopolitics, we also get an important economic report, the ISM Manufacturing PMI (E: 49.1) and several Fed speakers including Barkin (11:05 a.m. ET), Brainard & Evans (1:15 p.m. ET), Kaplan (3:30 p.m. ET) and the FOMC Minutes (2:00 p.m. ET).

Tom Essaye Quoted in Yahoo Finance on January 2, 2020

/in /by

“The whole infrastructure of the market is changing, for all of us, especially traders, dealing with this extreme short-term volatility is something we all have to get more used to. And, we have to somehow assimilate that into our trading plans and figure out how…” said veteran trader and Sevens Report Research founder Tom Essaye on Yahoo Finance’s “The First Trade.” Click here to read the full article.

Stock Market Algorithm

Tom Essaye Interviewed with Yahoo Finance on December 31, 2019

/in /by

Tom Essaye interviewed with Brian Sozzi and Jared Blikre from Yahoo Finance. Click here to watch the full interview.

Tom Essaye Interviewed with Yahoo Finance

Tom Essaye Quoted in Seeking Alpha on December 30, 2019

/in /by

“The market was very overbought at the end of last week. Nothing really new has occurred to push the market up in…” said Sevens Report‘s Tom Essaye.

Tom Essaye Headshot

Tom Essaye Quoted in CNBC on December 31, 2019

/in /by

“The best-performing Q4 sectors are leading to the downside today, and that implies some short-term selling and people positioning before year-end. The market was very overbought at the end of last week. Nothing really…” said Tom Essaye, founder of the Sevens Report.

Melt Up

/in /by

What’s in Today’s Report:

  • Year-End Melt Up:  Why Stocks Are Rallying Off Recycled Headlines
  • Weekly Jobless Claims:  Retracing the Thanksgiving Spike

Futures are modestly higher yet again following another quiet night of news as the melt-up continues into year-end.

Chinese Industrial Profits rose 5.4% in November, the first gain in three months, and this headline is mostly responsible for the gain in futures this morning.

Other economic data was mixed, as Japanese Industrial Production (-0.9% vs. (E) -1.4%) and Unemployment (2.2% vs. (E) 2.4%) beat estimates, while Retail Sales slightly missed (-2.1% vs. (E) -1.7%).

Today there are no notable economic reports nor any Fed speakers, and if should be a generally quiet day.

Tom Essaye Quoted in Hannity.com on December 26, 2019

/in /by

“Stocks are grinding relentlessly higher into year-end on continued momentum from the positive resolution of four key events: A phase one trade deal…” Tom Essaye, founder of Sevens Report, said Monday. Click here to read the full article.

Sean Hannity

Tom Essaye Quoted in International Business Times on December 23, 2019

/in /by

“Stocks are grinding relentlessly higher into year-end on continued momentum from the positive resolution of four key events: A phase one trade deal, a dovish Fed…” Tom Essaye, founder of Sevens Report, said Monday. Click here to read the full article.

Tom Essaye Headshot

Tom Essaye Quoted in Seeking Alpha on December 23, 2019

/in /by

“Stocks are grinding relentlessly higher into year-end on continued momentum from the positive resolution of four key events: A phase one trade deal…” says Sevens Report founder Tom Essaye. Click here to read the full article.

Seeking Alpha logo

Tom Essaye Quoted in MarketWatch on December 26, 2019

/in /by

Shares of the beleaguered aviation company make up 20% of the iShares U.S. Aerospace & Defense ETF ITA, -0.11%, pointed out Tom Essaye, president of the Sevens Report, in a research note out Tuesday. The exchange-traded fund has gained 31% in the year to date, even though Boeing shares are up less than 5%.

And Essaye thinks there’s room for Boeing to gain altitude. “I’m not a Boeing analyst,” he cautions, but lays out a strong case for upside. The decision to halt production on the 737 may have been negative…Click here to read the full article.

Boeing planes