Tom Essaye Quoted in CNBC on August 8th, 2022

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Strong economic data puts ‘Fed pivot’ rally in danger, Essaye says

The market has rallied hard on the idea of a Fed pivot. Friday’s jobs report didn’t support that hope and, if anything, will make the Fed more resolute about rate hikes. So, now inflation needs to clearly show signs of peaking and declining, otherwise we’d expect this market to abandon some of that near-term hope, and for volatility to increase, Essaye wrote. Click here to read the full article.

Tom Essaye Quoted by Forbes on July 27th, 2022

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Fed Raises Interest Rates By 75 Basis Points Again As Investors Brace For Recession

By making borrowing more expensive and thereby tempering demand, rate increases are critical in combating inflation, but “growing fears” that the hikes will spur a recession by undercutting economic growth are the “driving forces” behind recent market weakness, says analyst Tom Essaye of the Sevens Report. Click here to read the full article.

Sevens Report Co-Editor, Tyler Richey Quoted in Hellenic Shipping News on July 11th, 2022

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Why crude released from U.S. oil reserves may have ended up being exported overseas

The nation’s refineries simply don’t have the ability to absorb those new barrels of oil suddenly hitting the market and therefore, physical refined product markets remain tight and prices are still elevated…said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.

Tom Essaye Quoted in CNBC on July 12th, 2022

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Bond yields fall with key part of yield curve hits lowest level since 2007

The widening spread between the 2-year and the 10-year is signaling a very clear recession warning, especially if it reaches 15 basis points…wrote Tom Essaye of The Sevens Report. Click here to read the full article.

Tom Essaye Quoted in Kiplinger on July 7th, 2022

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Stock Market Today: S&P Surges to Fourth Gain in a Row

The key for tomorrow’s jobs report is that it furthers the idea that we’ve hit ‘peak hawkishness’ with the Fed and peak inflation…says Tom Essaye, editor of the Sevens Report. Click here to read the full article.

 

Tom Essaye Quoted in CNBC on June 6, 2022

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Nasdaq rises slightly to start week, shaking off jump in bond yields

Since those lows near 3,800 in the S&P 500 there has been real progress: China is reopening and hopefully the economy will be close to operating at near-full capacity within a month. That will add a large tail-wind to the global economy, and perhaps most importantly, ease supply chain stress…Tom Essaye of the Sevens Report said in a note. Click here to read the full article. 

 

Tom Essaye Quoted in Courthouse News Service on June 3, 2022

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Markets dip slightly on conflicting jobs report data

Tom Essaye of the Sevens Report noted that “very strong data would incur more Fed hawkishness while really soft data would spike stagflation concerns — and ‘moderating’ was just what we got from the ADP jobs report.” Click here to read the full article.

Tom Essaye Quoted in CNBC on June 2, 2022

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Dow falls 300 points, Nasdaq drops 2%, as major indexes notch weekly losses

Numbers this strong would likely reverse any hopes the Fed would consider a pause in rate hikes after the June/July increases, because it would signal the labor market remains very tight…Tom Essaye of the Sevens Report said. Click here to read the full article.

Tom Essaye Quoted in Forbes on May 18, 2018

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Target Stock Plunge Wipes $25 Billion As Inflation Squeezes Customers And Sends Costs Soaring—Spurring ‘Dramatic’ Earnings Shortfall

In a morning note, market analyst Tom Essaye of the Sevens Report pointed out retail customers are buying less high-margin merchandise (like apparel and electronics) to instead spend more on lower-margin food (like bread and eggs), and also shifting spending away from brand names to cheaper private labels—signs that “consumers are starting to…” to read the full report, click here.

Tom Essaye Quoted in Business Insider on May 18, 2022

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Wall Street’s biggest firms pay to read Tom Essaye’s daily stock-market outlook. He shares 3 key shifts that have to unfold for stocks to bottom — and how to know exactly when they’ve happened.

In a note on Monday, Tom Essaye, the founder of market research firm the Sevens Report, said he’s watching three major shifts that have to occur to help him determine when stocks have bottomed, and how to know when they’ve happened. He counts people at firms like UBS, Morgan Stanley, and Charles Schwab as readers of such insights in his daily reports.