This political shake-up shouldn’t materially alter the direction of the markets
“This political shake-up shouldn’t materially alter the direction of the markets,” said Tom Essaye at The Sevens Report. “The ultimate direction of the S&P 500 will still be determined by economic growth.”
Explaining My Market View More Clearly
What’s in Today’s Report: Explaining My Market View More Clearly – Subscriber Q&A
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.
This generally isn’t great for markets.
The 10-year Treasury constant maturity minus the 2-year (aka 10s-2s), currently around -0.26, is moving in a positive direction, Sevens Report founder Tom Essaye said. This generally isn’t great for markets.
Market Impact of Biden’s Decision
What’s in Today’s Report: Market Impact of Biden’s Decision to Drop Out and Putting Last Week’s Declines in Proper Context (What Tech Giveth, Tech Taketh Away).
Olympic Style Ideas (Finding A Common Topic With Clients)
What’s in Today’s Report: Olympic Style Ideas (Finding A Common Topic With Clients)
The market is just sort of drifting around
/in Investing, Reports/by Customer Service“The market is just sort of drifting around,” Sevens Report Research’s Tom Essaye told Barron’s in a phone interview.