Bullish Developments on Equity Index Charts

What’s is today’s report: Bullish developments on the equity index charts, • Is there a finally a rival to treasuries? If so, what are the short and long term implications? Futures are little changed and more…

Sevens Report’s Tom Essaye appeared on Fox Business on November 15, 2018

Sevens Report’s Tom Essaye appeared on Fox Business on November 15, 2018. Tom Essay’s take on Berkshire Hathaway CEO Warren Buffett’s stock picks with Liz Claman.

Technical Update

Technical update, economic data recap, EIA analysis and oil update and more. Today, there is one important economic report to watch: Industrial Production (E: 0.2%) and two Fed speakers: Clarida before the open (8:30 a.m. ET) and Evans just before lunch (11:30 a.m. ET), otherwise, focus will be on tech shares today as if the bad earnings from NVDA weigh on the sector more broadly, then stocks will have a hard time extending yesterday’s bounce.

Will Politics Add to the Volatility?

Will Politics Add to the Volatility? Today there is a lot of important economic data to watch (in order of importance): Retail Sales (E: 0.5%), Empire State Manufacturing Index (E: 20.0), Philly Fed (E: 20.0) and Jobless Claims (E: 215K). There are also multiple Fed speakers today including Quarles (10:00 a.m. ET), Powell (11:00 a.m. ET), Bostic (1:00 p.m. ET), Kashkari (3:00 p.m. ET) but I don’t expect any of them, including Powell, to reveal anything new.

Inflation Peaking?

Is Inflation Peaking Already? Futures are flat while overseas markets were mostly lower o/n after yesterday’s huge drop in oil weighed on risk sentiment, global data was mixed, and EU political tensions continued, today is the busiest day of the week as far as catalysts go and more.

Sevens Report’s Tyler Richey quoted in Wall Street Journal on November 13, 2018

Sevens Report’s Tyler Richey quoted in Wall Street Journal on November 13, 2018.

Sevens Report’s Tom Essaye appeared on Yahoo Finance on November 12, 2018.

OPEC and oil are expected to move the markets, but in the long term Sevens Report Founder and President Tom Essaye says the dollar, which is at a 2018 high, will and could make all the difference for corporate earnings. Yahoo Finance’s Melody Hahm and Essaye discuss.