What Makes This Stop? (Key Indicators to Watch)
What’s in Today’s Report: What Makes This Stop? (Seven Indicators to Watch) and Chart – VIX Spikes to Pandemic Highs.
We started the landing a couple months ago
“We started the landing a couple months ago,” Essaye says. “It’s no different than when you’re on an actual plane. Sometimes the plane descends more quickly than other times, but that doesn’t mean that you’re crashing.”
The main reason the geopolitical tensions have not had a more pronounced impact on the global energy markets
The main reason the geopolitical tensions have not had a more pronounced impact on the global energy markets since tensions in the Middle East first picked up last fall is that there has not been a meaningful impact on global supply, said Tyler Richey, co-editor of Sevens Report Research.
Helped rekindle a bid in the AI-trade
“Better-than-expected corporate earnings from domestic chip giant AMD [Advanced Micro Devices] helped rekindle a bid in the AI-trade,” writes Sevens Report’s Tom Essaye.
Markets have been just fine accepting some “bad” labor data
So far, markets have been just fine accepting some “bad” labor data since it means rate cuts are more likely, but this could change in the near-term, Sevens Report Research founder Tom Essaye said.
And that’s really what’s been going on in the earnings season
“I don’t think the market is really doubting the whole AI story at this point,” Sevens Report Research’s Tom Essaye told Barron’s. “But I do think there are extremely high growth expectations. And if those growth expectations disappoint, even a little bit, then you’ll see some punishment. And that’s really what’s been going on in the earnings season.”
Jobs Day
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Jobs Day, Key VIX Levels to Watch.