Markets may get a bit ugly

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Markets may get a bit ugly: Sevens Report Editor, Tom Essaye, Quoted in Bloomberg

Israel Strike: The Bloomberg Open, Europe Edition

Markets may “get a bit ugly” if the central bank doesn’t signal a reduction given the recent tech weakness, said Tom Essaye at The Sevens Report.

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

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Markets could get a bit ugly given recent tech weakness

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Markets could get a bit ugly given recent tech weakness: Tom Essaye Quoted in Bloomberg Featured on Yahoo Finance

Tech Stocks Hit as Microsoft Down 6% in Late Hours: Markets Wrap

“If the Fed does not signal a September rate cut, markets could get a bit ugly given recent tech weakness — especially if earnings underwhelm,” said Tom Essaye at The Sevens Report.

Also, click here to view the full Bloomberg article featured on Yahoo Finance published on July 30th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

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The biggest question facing investors today remains ‘Is It Different This Time?

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The biggest question facing investors today remains ‘Is It Different This Time?: Sevens Report Editor, Tom Essaye, Quoted in Barron’s

The Stock Market Doesn’t Look Like the Dot-Com Bubble. It’s Something Worse.

No, that’s not the real worry. The S&P 500 is. It smacks of 2007 all over again. From last July until now, the index has traded with an 85% correlation to July 2006 though July 2007, according to Sevens Report’s Tom Essaye.

Essaye went so far as to describe the resemblance of this market to the 2007 market as “concerning to say the least.” And he touched on the uncertainty that investors are facing.

“The biggest question facing investors today remains ‘Is It Different This Time?’” he wrote

Also, click here to view the full Barron’s article published on July 31st, 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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Markets could get a bit ugly given recent tech weakness

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Markets could get a bit ugly given recent tech weakness: Sevens Report Editor, Tom Essaye, Quoted in Bloomberg

Tech Stocks Hit as Microsoft Down 6% in Late Hours: Markets Wrap

“If the Fed does not signal a September rate cut, markets could get a bit ugly given recent tech weakness — especially if earnings underwhelm,” said Tom Essaye at The Sevens Report.

Also, click here to view the full Bloomberg article published on July 29th, 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.

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.

We’re staring at big catalysts

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We’re staring at big catalysts: Sevens Report Editor, Tom Essaye, Quoted in Barron’s

Tech Stocks Are Sliding Ahead of Key Earnings Reports

“There was not much going on yesterday and there isn’t a ton going on today, either,” Sevens Report Research’s Tom Essaye told Barron’s. “And we’ve had sort of big moves in the market, and we’re staring at big catalysts.”

Reports from Alphabet and Tesla may have lowered the bar for Big Tech, Essaye says. On the flip side, the megacap tech stocks have run up tremendously on high expectations for growth ahead driven by artificial intelligence. That changed in July, when tech stocks started to struggle to keep up as investors rotated from the sector to underperforming small-cap names.

“Investors are kind of more in a ‘show me’ mode now than they have been in a long time with these names,” Essaye says. “They want to see better earnings before they jump back in for fear that this rotation isn’t over.”

Also, click here to view the full Barron’s article published on July 30th, 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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I don’t think the market is really doubting the whole AI story

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I don’t think the market is really doubting the whole AI story: Sevens Report Editor, Tom Essaye, Quoted in Barron’s

Nvidia and Other Chip Stocks Are Leading the Market Lower Ahead of Big Tech Earnings

“I don’t think the market is really doubting the whole AI story at this point,” Sevens Report Research’s Tom Essaye told Barron’s. “But I do think there are extremely high growth expectations. And if those growth expectations disappoint, even a little bit, then you’ll see some punishment. And that’s really what’s been going on in the earnings season.”

Also, click here to view the full Barron’s article published on July 30th, 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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This week is very important for AI and tech

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This week is very important for AI and tech: Sevens Report Editor, Tom Essaye, Quoted in Barron’s

Apple Falls, Microsoft and Other Tech Stocks Rise. Earnings Week Is All About AI.

“This week is very important for AI and tech because MSFT, AAPL, AMZN, and META, all AI darlings, report earnings and if they post disappointing guidance, it will further erode AI enthusiasm and we could see this pullback continue,” Sevens Report’s Tom Essaye wrote on Monday.

Also, click here to view the full Barron’s article published on July 29th, 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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None of this pullback includes growth worries

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None of this pullback includes growth worries: Tom Essaye Quoted in MarketWatch

Stock-market drop offers reminder that rate cuts can alarm investors too

So far, “none of this pullback includes growth worries, and that’s what we have to watch for to make this go from a pullback to something worse. I am still concerned about growth (and Dudley’s comments only make me more nervous) but the data over the past week has been ‘OK,” said Tom Essaye, founder of Sevens Report Research, in a note. “That said, we still need to watch growth very closely…”

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

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Oil futures appropriately popped in the wake of the release

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 Oil futures appropriately popped in the wake of the release: Sevens Report Co-Editor, Tyler Richey, Quoted in Morningstar

Oil prices climb as U.S. data show crude supplies down a fourth straight week

Wednesday’s EIA report was “solid and oil futures appropriately popped in the wake of the release,” said Tyler Richey, co-editor at Sevens Report Research.

Still, the “trend of strong consumer demand has faltered in July,” underscored by the fact the four-week moving average of gasoline supplied remains about 30,000 barrels per day off the early July year-to-date highs, he told MarketWatch.

Going forward, the “energy bulls will want to see more evidence of strong and persistent consumer demand in order for oil to hold above key technical support at $76.50 because recession worries are on the rise and volatility is picking up, both of which are typically headwinds for the price of oil,” said Richey.

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

Oil Inventories

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The ultimate direction of the S&P 500 will still be determined by economic growth

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The ultimate direction of the S&P 500 will still be determined by economic growth: Tom Essaye Quoted in Forbes

Stocks Slide As Major Tech Earnings Get Off To ‘Underwhelming’ Start

The U.S. will report its second-quarter gross domestic product Wednesday morning, offering a glimpse into how well the broader economy is performing. “The ultimate direction of the S&P 500 will still be determined by economic growth,” remarked Sevens Report analyst Tom Essaye in a Monday note.

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

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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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.