Tom Essaye Quoted in BNN Bloomberg on August 28th, 2023
Stocks Grind Higher at Start of Busy Economic Week: Markets Wrap
Click here to read the full article.
Tom Essaye Quoted in Business Insider on August 22nd, 2023
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
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
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
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
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
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.
Fed Decision Takeaways
What’s in Today’s Report:
- What the Fed Decision Means for Markets
- FOMC Decision Takeaways
- Oil Update – Resilient Demand Offset By Fed Policy Worries
U.S. equity futures are lower as the Fed decision continues to be digested while global economic data largely missed expectations overnight.
Economically, Chinese data was universally disappointing with Industrial Production and Retail Sales both missing estimates while EU trade data showed that imports and exports both declined by more than anticipated. China’s central bank cut rates further overnight, however, which saw risk assets in Asia recover to end with gains.
Looking into today’s session, the ECB decision will be in focus this morning (E: +25bp hike) followed by President Lagarde’s press conference. If the ECB is seen as hawkish, it will likely weigh on stocks and other risk assets as it will show central bankers are not yet satisfied with the trends in inflation and more aggressive policy is likely in the months ahead.
In the U.S., there is a slew of economic data due to be released including: Jobless Claims (E: 250K), Retail Sales (E: 0.0%), Philadelphia Fed Manufacturing Index (E: -13.2), Empire State Manufacturing Index (E: -15.1), Import & Export Prices (E: -0.6%, -0.5%), and Industrial Production (E: 0.1%).
And with the Fed leaving future policy plans largely “open” and dependent on economic data, the market will want to see more “Goldilocks” trends with slowing growth and a more rapid decline in price readings.
Sevens Report Alpha: Artificial Intelligence Issue
This week’s Alpha issue focused on a very popular market topic: Artificial Intelligence.
This issue was an update to a March 7th Alpha issue on AI, and the three ETFs we profiled in that report have risen 20%, 17%, and 14%, respectively in just three months!
This week’s AI issue updated and expanded that research as we:
- Reviewed and updated the research on our previous AI ETF picks.
- Introduced two new AI-focused ETFs that are both up more than 30% YTD.
- Included a proprietary spreadsheet of 30 AI stocks and categorized them by: Sector, Market Cap, Price/Earnings ratio, Price/Sales ratio, Revenue, and Performance.
If you’d like to start a risk-free trial subscription to Sevens Report Alpha and access the latest AI issue, and all previous Alpha issues and webinars since 2017, please email info@sevensreport.com.
We do ask that you pay the $330 quarterly subscription fee, but there is a 30 day money back guarantee, so you risk nothing to try the product.
To learn more about Sevens Report Alpha, click this link.
Tom Essaye Quoted in Big News Network on May 24th, 2023
U.S. dollar strengthens amid debt ceiling uncertainties
On a similar note, Sevens Report Research founder Tom Essaye said that “from a technical perspective, there are signs that a potential bottom for the dollar has been formed.” Click here to ad the full article.
Tom Essaye Interviewed on BNN Bloomberg on April 25th, 2023
These earnings aren’t enough to push markets materially higher: Sevens Report Research’s president
Tom Essaye, president of Sevens Report Research, joins BNN Bloomberg to run through his take on prominent companies reporting earnings this week. Click here to watch the full interview.
