This will be a potentially busy week of catalysts

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This will be a potentially busy week of catalysts: Tom Essaye Quoted in Barron’s

Stocks Open Lower as Bond Yields Rise

“This will be a potentially busy week of catalysts but it starts slowly today as there are no economic reports and just one Fed speaker,” writes Sevens Report Research’s Tom Essaye. “So, absent any surprises, expect yields to drive stocks. If the 10-year Treasury yield drifts lower, don’t be surprised if stocks recoup these early losses.”

“We think Powell will hold his ground and not try to give anything away,” writes Andrew Brenner, head of international fixed income at NatAlliance Securities. “He won’t be that hawkish or show signs of dovishness, although we see Powell as a dove in wolf’s clothing.”

Also, click here to view the full Barron’s article published on March 4th, 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 Rally

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Today focus will be on the ISM Manufacturing PMI

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Today focus will be on the ISM Manufacturing PMI: Tom Essaye Quoted in Barron’s

Stocks Waver After S&P, Nasdaq End February at Record Levels

Today focus will be on the ISM Manufacturing PMI (E: 49.5) not just because of the headline reading (can it break above 50?) but also because of the price index,” writes Sevens Report Research’s Tom Essaye. “The price index jumped to the highest level since April last month and if that increase continues, it’ll likely be modestly positive for yields and negative for stocks.”

Also, click here to view the full Barron’s article published on March 1st, 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 Rally

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More Aggressive Rate Cuts Will Provide Temporary Relief…

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More Aggressive Rate Cuts Will Provide Temporary Relief, It Won’t Stop A Decline In Stocks: Tom Essaye Quoted in Blockworks

Bitcoin jumps above $60k for first time in 27 months

A hard landing and resulting economic slowdown could be enough to erase the stock gains traders have enjoyed since October, according to Tom Essaye, founder of Sevens Report Research.

“The reason a hard landing would be so damaging to markets in the near term is the Fed can’t really help the market out because it’s already dovishly pivoted and the market already expects aggressive rate cuts,” Essaye said. “So, while more aggressive rate cuts will provide temporary relief, it won’t stop a decline in stocks because the economic benefit of rate cuts will take too long to hit the economy to prevent a slowdown.”

Also, click here to view the full Blockwork article published on February 28th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

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The market is mostly in a holding pattern to start the week

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The market is mostly in a holding pattern to start the week: Tom Essaye Quoted in Barron’s

Nasdaq Snaps 2-Day Losing Streak

“The market is mostly in a holding pattern to start the week,” Sevens Report Research’s Tom Essaye told Barron’s in a phone interview. “The big numbers come on Thursday, with all these inflation updates.

It is not just in the U.S. with core PCE, but also in Europe. Depending on what happens there will dictate whether or not this market can grind higher.”

Also, click here to view the full Barron’s article published on February 27th, 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 Rally

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U.S. Defense Contractors May Benefit From Depletion of Hardware and Munitions

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U.S. Defense Contractors May Benefit From Depletion of Hardware and Munitions: Tom Essaye Quoted in Morningstar

These defense stocks may fare best whether Biden or Trump wins in November

One of the industry groups whose stocks Tom Essaye, publisher of Sevens Report Research, said he would expect to perform well during a second Trump term is defense.

Trump’s return to the White House could benefit these stock-market sectors – while undercutting others

Of course, regardless of who wins the November election, U.S. defense contractors may benefit from the depletion of hardware and munitions resulting from U.S. and other NATO countries’ support for Ukraine’s defense against Russia’s invasion, along with renewed efforts to bolster the conventional defenses of Western European countries.

Also, click here to view the full MarketWatch article published on Morningstar on February 28th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Oil Inventories

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How might a second Trump term impact stocks?

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How might a second Trump term impact stocks? Tom Essaye Quoted in Morningstar

A second Trump term may benefit these stock-market sectors most

Therefore, it’s worth asking: How might a second Trump term impact stocks? Tom Essaye, publisher of Sevens Report Research, recently shared his expectations for which corners of the stock market might outperform, and which might struggle, if Trump triumphs in an expected election rematch with President Joe Biden.

“Obviously, those policies would be negative for Chinese shares and emerging markets more broadly, as they would increase trade tensions,” Essaye said.

As a result, investors can expect Chinese stocks, and emerging-markets more broadly, to struggle, like they did during Trump’s first term and like they have, relative to the U.S., for much of the past 15 years.

Also, click here to view the full MarketWatch article published on Morningstar on February 27th, 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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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.

“It doesn’t mean the economy’s rolling over”

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Tom Essaye Interviewed by Barron’s

Stocks Are in a Holding Pattern. It’s All About Inflation Data.

Sevens Report Research’s Tom Essaye told Barron’s in a phone interview that recent economic data, including durable goods and retail sales, have come in softer than expected.

“It doesn’t mean the economy’s rolling over,” he says. “But for a market that is priced for zero slowdown whatsoever, that is the risk that I think people need to watch. About the most surprising thing that I feel could happen to this market right now is that growth suddenly slows.”

“They’re behaving for now, but if you start seeing the 10-year climb far above 4.25%, I think that begins to become a headwind on the market,” Essaye says. “Until we get that inflation data, you kind of got markets in a bit of a holding pattern.”

Also, click here to view the full Barron’s article published on February 27th, 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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This Relentless Rally Has Gone Far Beyond

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This Relentless Rally Has Gone Far Beyond: Tom Essaye Quoted in Barron’s

The Stock Market Hasn’t Been This Hot in Decades. Is the Rally Justified?

“If we look at the facts, I cannot help but feel as though this relentless rally has gone far beyond either actual improvement in the fundamentals and reasonable expectations of continued improvement,” writes Sevens Report Founder and President Tom Essaye.

As Essaye points out, a price-to-earnings ratio around that level was “previously only reserved for periods of quantitative easing and 0% rates, not quantitative tightening and 5.37% fed funds.”

Also, click here to view the full Barron’s article published on February 27th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up 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.

$57,691 Is The Next Key Resistance Level To Watch For Bitcoin

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The Next Key Resistance Level To Watch For Bitcoin: Tom Essaye Quoted in Barron’s on MSN

Bitcoin Falls Before Fed Minutes and Nvidia Earnings. Where Prices Could Go Next.

“There is a well-defined uptrend channel in place that leaves the path of least resistance higher,” said Tom Essaye, the founder of Sevens Report Research. “$57,691 is the next key resistance level to watch” for Bitcoin, Essaye noted, referencing a technical indicator that flashed this technical level and adding that “we expect to at least see some hesitation as prices move into the mid $50,000s.”

Also, click here to view the full Barron’s article published by MSN on December 8th, 2023. However, to see the Sevens Report’s full comments on the current market environment sign up here.

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Tom Essaye Quoted In Barron’s on February 21, 2024

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Hedging Up Ahead Of The Results: Tom Essaye Quoted in Barron’s

Stocks Open Lower Ahead of Fed Minutes, Nvidia Earnings

“There are no notable economic reports today, but the January Fed meeting minutes will be released at 2:00 p.m. ET and that could move Treasury yields and ultimately impact stocks,” writes Sevens Report Research’s Tom Essaye.

Nvidia, which was the poster child for 2023’s artificial intelligence stock rally, was on track to dip again ahead of the chip maker’s earnings report that’s due after the market closes.

Also, click here to view the full Barron’s article published on February 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 Rally

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