Earnings across the board were disappointing

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Earnings across the board were disappointing : Tom Essaye Quoted in Blockworks

Major earnings week weighs on tech stocks

Tom Essaye, founder of Sevens Report Research, said it wasn’t just Big Tech weighing on equities Thursday. Earnings across the board were disappointing (looking at you, Uber, Ebay and Intercontinental Exchange), plus economic data looks like we may see higher rates for a more sustained period of time.

Also, click here to view the full Blockwork article published on November 1st, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

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The biggest risk for the market would be if the data come in strong anyway

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The biggest risk for the market would be if the data come in strong anyway: Tom Essaye Quoted in Market Watch

The stakes for the October jobs report are high — here’s what to expect: Sevens Report

The stakes for the latest reading from the main U.S. employment barometer are high. Although not in the way many investors might think, according to Tom Essaye, founder and president of Sevens Report Research.

Fallout from hurricanes that hit Florida, Georgia and North Carolina, coupled with the ongoing Boeing strike, are expected to push up the unemployment rate. Because of this, investors are already expecting a weak report, Essaye said in commentary shared with MarketWatch on Thursday.

It also means that the biggest risk for the market would be if the data come in strong anyway. Signs of a still-resilient labor market could pressure the Federal Reserve to leave its policy interest-rate target on hold next week, Essaye added.

A too-hot number could push stocks lower and Treasury yields higher as traders account for a greater likelihood of a “no landing” scenario.

“A second straight monthly jobs report above 200k and the unemployment rate dropping back below 4% will bolster the no landing expectation and push back hard on another rate cut quickly following the cut in September,” Essaye said.

Also, click here to view the full MarketWatch article published on October 31st, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

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It was not enough to derail the soft landing thesis

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It was not enough to derail the soft landing thesis: Tom Essaye Quoted in Blockworks

GDP estimates boost hopes for a soft landing

Tom Essaye, founder of Sevens Report Research, said the report “was not enough to derail the soft landing thesis by itself, but it was a step in that direction as investors will want to start seeing the decline in headline job openings slow as part of a soft landing dynamic and still-healthy labor market.”

Also, click here to view the full Blockwork article published on October 30th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

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The fundamental backdrop of the oil market

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The fundamental backdrop of the oil market: Tyler Richey Quoted in Morningstar

Oil prices end higher on surprise fall in U.S. crude supply, rise in gasoline demand

“The fundamental backdrop of the oil market has become less bearish this week, but it would be a stretch to say that market dynamics are beginning to favor the bulls on any time horizon beyond a few days,” said Tyler Richey, co-editor at Sevens Report Research.

“Concerns about a surplus emerging in the global oil market have been dialed back given the improving consumer-demand figures in [Wednesday’s] EIA report and news that OPEC+ leadership is considering postponing output cuts currently planned for December,” he told MarketWatch.

Also, click here to view the full MarketWatch article published on Morningstar on October 30th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Oil Inventories

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One of the more important lessons I’ve learned

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One of the more important lessons I’ve learned: Sevens Report Editor, Tom Essaye, Quoted in Barron’s

High Yield Bonds May Be Sending an Ominous Message, Says One Analyst

One of the more important lessons I’ve learned in my two-plus decades of watching markets is that bond markets can (and often do) lead stock markets. That’s why we watch bonds so closely. A recent technical breakdown in the high-yield ETF JNK [SPDR Bloomberg High Yield Bond ETF] has caught our attention.

Also, click here to view the full Barron’s article published on October 25th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

It’ll be Very Hard for This Market to RallyIf you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

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Goldilocks data that’s in-line with expectations is the best outcome

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Goldilocks data that’s in-line with expectations is the best outcome: Tom Essaye Interviewed On Yahoo Finance

S&P 500 Sees First Gain This Week as Tesla Up 22%: Markets Wrap

“Goldilocks data that’s in-line with expectations (so not too good or too bad) is the best outcome for a continued rebound in stocks and bonds,” said Tom Essaye at The Sevens Report.

Also, click here to view the full Bloomberg article on Yahoo Finance published on October 24th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

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Expectations for economic growth, inflation, and Federal Reserve policy

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Expectations for economic growth, inflation, and Federal Reserve policy: Sevens Report Editor, Tom Essaye, Quoted in Barron’s

This Stat Shows the Market Is Very Afraid of Election Day

Tom Essaye, founder and president of Sevens Report Research, isn’t so sure. He thinks it comes down to the things that always move the bond market—expectations for economic growth, inflation, and Federal Reserve policy.

Also, click here to view the full Barron’s article published on October 24th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

It’ll be Very Hard for This Market to RallyIf you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

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Growth and inflation have been firmer than expected

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Growth and inflation have been firmer than expected: Sevens Report Founder Tom Essaye Quoted in Morningstar

Why U.S. stock market’s slump on rising Treasury yields may be short-lived

While U.S. fiscal concerns tied to a potential Republican sweep in the upcoming election may be behind the 10-year Treasury yield’s rise, “it’s much more likely the 10-year yield has risen to three-month highs because growth and inflation have been firmer than expected,” according to a note Wednesday from Sevens Report Research.

“Economic growth since the Fed rate cut has been almost universally better than expected,” including the September jobs report, retail sales, data measuring the services sector and estimates from Atlanta Fed’s GDPNow model, the note said.

Also, click here to view the full MarketWatch article published on Morningstar on October 23rd, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Oil Inventories

Lastly, If you want research that comes with no long-term commitment, yet provides independent, value-added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

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Tom Essaye Interviewed On Schwab Network

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 Boeing’s loss this quarter is breathtaking: Tom Essaye Interviewed On Schwab Network

Boeing (BA) Plummets on Double Earnings Miss

The size of Boeing’s (BA) loss this quarter is “breathtaking,” says Tom Essaye, going on to call the numbers “horrific.” But, he adds, what’s important is how well they execute on their recovery plan. Nicolas Owens notes the recent machinist strike cost Boeing billions of dollars, and that the new CEO is looking for “fundamental culture change.”

Also, click here to view the full interview with Schwab Network published on October 23rd, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

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Barron’s Senior Managing Editor and Deputy Editor speak with Tom Essaye

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Semiconductor stocks have cycle-leading characteristics: Sevens Report Editor, Tom Essaye, interviewed on Barron’s Live

Talking Markets with Sevens’ Report Tom Essaye

Barron’s Senior Managing Editor Lauren R. Rublin and Deputy Editor Ben Levisohn speak with Tom Essaye, Founder and President of Sevens Report about the outlook for financial markets, industry sectors, and individual stocks.

Tom Essaye: Absolutely. So the number one message we’re trying to convey in the Sevens Report is for investors to really stay focused on economic growth. And the reason I say that is because if growth can’t hold up, then we have to talk about this rally potentially ending in a very uncomfortable way. And for those of us who have been in the markets for a long time, at least at the start of this century, we’ve seen that happen a few times and it’s very painful. And if you think about investing, those are really the types of markets we want to avoid. So with the Fed cutting rates, we now know that if growth rolls over, they will not be able to cut fast enough to prevent any sort of a slowdown. So to use the analogy, the die has been cast to a point. Now the Fed is cutting and we must see if growth holds up. Everything that’s going on around growth, so how many cuts are they going to have in 2024? What’s going to happen with the election? Is the Chinese stimulus going to be enough? All of those are ancillary issues, but the main issue is growth. Because if growth rolls over, now we have to talk about that being a rally-killing event and those are the big events we want everyone to be able to avoid.

Also, click here to view the full Barron’s interview published on MarketWatch on October 21st, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

It’ll be Very Hard for This Market to RallyIf you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.