Tom Essaye, Highlights The Significance of The Job Data

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Significance of The Job Data: Tom Essaye Quoted in Investing.com

Wall Street’s Anticipation: Payrolls Data to Influence Fed’s November Decision?

Amid concerns about how upcoming data may impact interest rates, U.S. equities leaned towards a lower close as the S&P 500 fluctuated above a crucial support point. A potential boost in Friday’s monthly non-farm payrolls could lead to increased yields and a further stock decline.

Tom Essaye, highlighted the significance of the job data, suggesting it could greatly influence the S&P 500’s trajectory. 

Also, click here to view the full Investing.com article published on October 5th, 2023. 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.

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.

Government Shutdowns Impact

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Government Shutdowns Impact: Tom Essaye Quoted in Forbes

Government Shutdown Would Slow U.S. Economy

Sevens Report’s Tom Essaye wrote to clients last week despite the “ominous” nature of the term, government shutdowns “don’t impact enough people or last long enough to have a lasting macroeconomic impact,”.

Also, click here to view the full Forbes article published on September 27th, 2023. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Government Shutdowns Impact:

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.

Labor Market Analysis By Tom Essaye Quoted in Forbes

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Labor Market Analysis – Tom Essaye Quoted in Forbes: Strengthen your market knowledge with a free trial of The Sevens Report.

Weaker-Than-Expected August Job Growth Reported—Labor Market Officially At Pre-Pandemic Levels

In a Wednesday note to clients, which included the labor market analysis, Sevens Report analyst Tom Essaye cautioned against bullish investors celebrating a labor market slowdown as an outright win for stocks, writing the economy is now entering the “difficult” stage of navigating a higher-interest rate environment.

“If the labor market is seeing easing, then now is the time the Fed will have to perfectly execute the ‘soft landing,’ because getting the economy to slow is the ‘easy’ part of monetary policy.” wrote Tom Essaye, founder of the Sevens Report.

Click here to read more of Tom’s labor market analysis.

Forbes Labor Market

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Tom Essaye Quoted in BNN Bloomberg on August 28th, 2023

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Stocks Grind Higher at Start of Busy Economic Week: Markets Wrap

“This week is important because it has the chance to either reinforce the ‘soft/no landing’ and ‘disinflation’ pillars of the rally, or potentially undermine them,” said Tom Essaye, founder of The Sevens Report newsletter. “The former will likely result in a reflex rally, while the latter could open up a sharp drop in stocks. We’ll be watching closely.”

Click here to read the full article.

Tom Essaye Quoted in Business Insider on August 22nd, 2023

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Wall Street is declaring victory too early — the US is still headed for a recession

Tom Essaye, the founder of Sevens Report Research, which counts some of the biggest institutions on Wall Street among its clients, said while inflation on a year-over-year basis has come down significantly, the cumulative price increases we’ve seen since the start of the pandemic will eventually force consumers to cut back on spending.

“People get very excited about CPI and say, ‘Hey, CPI went up only 0.1% over the past month and it’s only up 3% over the past year,'” Essaye said. “Well, think about that in practical terms. If I go to buy my kids a bag of Skittles, in 2019 it cost $0.75. Now it costs $1.50. Am I supposed to get excited because next year it costs $1.55?”

Click here to read the full article.

Sevens Report Analysts Quoted in Investing.com on August 21st, 2023

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Dow Jones, Nasdaq, S&P 500 weekly preview: All eyes on Nvidia and Powell

Sevens Report analysts: “The market of 2023 is being defined almost by hyperbolic extremes. We started 2023 with investors fearing a catastrophic recession, 1970s- style inflation and 1970s-style rate hikes. That hasn’t happened. But just because that didn’t happen, it doesn’t mean that: No economic slowdown will occur, inflation will magically crash to late 20-teens levels, and the Fed will suddenly turn dovish (as markets priced in at 4,600). The truth is in the middle, and that’s where we are now.”

Click here to read the full article.

Tom Essaye Quoted in Forbes on August 14th, 2023

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Major Chinese Real Estate Developer Craters To Record Low As Potential Default Reminds Investors Of China’s ‘Real’ Recession Risk

The Country Garden news reinforced the notion that “recession risks in China are real,” explained Sevens Reports’ Tom Essaye. Click here to read the full article.

Tom Essaye Quoted in Forbes on August 2nd, 2023

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Stocks Slide After Debt Downgrade Even As Experts Dismiss ‘Little’ Impact On Markets

Sevens Report analyst Tom Essaye explained in a Wednesday note that the credit downgrade by Fitch “should have a limited near-term impact”. Click here to read the full article.

Sevens Report Quoted in Investing.com on July 31st, 2023

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Dow Jones, Nasdaq, S&P 500 weekly preview: Citi boosts SPX target

Sevens Report: “We and others said at the start of the year that economic data would drive this market in 2023, and that’s what’s happened. The data has been Goldilocks, inflation has fallen, and the Fed isn’t worse than feared. But just like those were positive surprises YTD, they can also turn into negative surprises, as anyone who was in this business in ’99-’00 and ’07-’08 can tell you.” 

Click here to read the full article.

Tom Essaye Quoted in Forbes on June 20th, 2023

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Dow Tanks 250 Points—And Some Experts Warn More Pain May Be On Deck

At that price, the S&P is aggressively pricing in a lot of good things occurring and virtually zero negative surprises, Sevens Report analyst Tom Essaye wrote Tuesday. Click here to read the full article.