Massive rotation from tech and tech related sectors

Bottom line, this massive rotation from tech and tech related sectors was caused primarily by investors positioning for a rate cutting cycle and secondarily by anticipation for a Trump administration and negative tech news,” writes Sevens Report’s Tom Essaye.

Tom Essaye Quoted in MarketWatch on April 18th, 2023

As such, the pain trade has been higher for all of 2023 and that’s helping support…Tom Essaye, founder of Sevens Report Research wrote.

Tom Essaye Quoted in MarketWatch on April 19th, 2023

The stock market’s resilience so far in 2023 is an example of a well-worn but sometimes…said Tom Essaye, founder of Sevens Report Research.

Sevens Report Analysts Quoted in ZeroHedge on April 18th, 2023

Looking ahead, economic data will be in focus as a strong economic…said analysts at Sevens Report Research in Tuesday’s newsletter.

Market Multiple Chart

Special Technical Report Coming Monday

What’s in Today’s Report: Special Technical Report coming Monday, Why did the VIX just hit 52 week lows? EIA analysis and oil market update.

Why Stocks Won’t Drop Part II: The Economy

What’s in Today’s Report: Why won’t stocks drop part II: The Economy, The VIX falls to 52-week lows – chart, and more…

Sevens Report Co-Editor Tyler Richey Quoted in MarketWatch on April 17th, 2023

Oil futures finished with a loss on Monday, with traders weighing the prospects for…said Tyler Richey, co-editor at Sevens Report Research.