We Get a Lot of Important Reports Later This Week
A Lot of Important Reports: Tom Essaye Quoted in Barron’s
Stocks Fall as 10-Year Yields Touches 5%
Sevens Report Research’s Tom Essaye writes that the economic calendar is quiet on Monday, so yields will continue to be in focus. He thinks the higher yields go, the lower stocks will fall.
“Today, any progress on electing a Speaker of the House will be welcomed by the markets and likely push yields lower,” Essaye writes. “On the earnings front, we get a lot of important reports later this week.”
Also, click here to view the full Barron’s article published on October 23rd, 2023. 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.
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.
