Growth and inflation have been firmer than expected
Growth and inflation have been firmer than expected: Sevens Report Founder Tom Essaye Quoted in Morningstar
Why U.S. stock market’s slump on rising Treasury yields may be short-lived
While U.S. fiscal concerns tied to a potential Republican sweep in the upcoming election may be behind the 10-year Treasury yield’s rise, “it’s much more likely the 10-year yield has risen to three-month highs because growth and inflation have been firmer than expected,” according to a note Wednesday from Sevens Report Research.
“Economic growth since the Fed rate cut has been almost universally better than expected,” including the September jobs report, retail sales, data measuring the services sector and estimates from Atlanta Fed’s GDPNow model, the note said.
Also, click here to view the full MarketWatch article published on Morningstar on October 23rd, 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.
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.
