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Tom Essaye Quoted in CNBC on February 19, 2020

The lack of a guidance update can mean “mean the company doesn’t have much of an idea how big…” said Tom Essaye, co-founder of The Sevens Report.

Sevens Report 7.11.14

Equities Market Recap Stocks closed in the red again Thursday on more European bank concern, but stocks were able to cut the losses nearly in half by the close. The S&P 500 closed down -0.41%. It was an ugly start to trading Thursday as more negative news from European banks combined with generally disappointing global […]

Is Portugal a Problem?

Is Portugal  a Problem? The yield on Portuguese 10-year bonds has risen to 3.99% as of yesterday, the highest level since March, on concerns that financial difficulties at Banco Espirito Santo will result in a flare-up of the sovereign-debt crisis. I don’t know a ton about the subsidiary of BES that’s cash-strapped, or if there […]

When a Normal Correction Becomes Something More

When a Normal Correction Becomes Something More The market needs to pause/correct in the near future, but even if we get a decent correction (say > 5%), unless it invalidates one or more of the 4 core reasons stocks have rallied for 2+ years (what I call the 4 pillars of the rally), then it’s […]

A Look at the Economy 7.7.14

Last Week The most-important thing that happened last week was that the June jobs report and the June ISM manufacturing and non-manufacturing PMIs further implied the US economy is close to achieving “escape velocity” (meaning ending the era of around 2% GDP growth). Other than the obvious (that an accelerating economy is good for stocks), […]

Your Weekly Economic Cheat Sheet – 7.7.2014

Last Week The most important thing that happened last week was that the June jobs report and the June ISM manufacturing and non-manufacturing PMIs further implied the US economy is close to achieving “escape velocity” (meaning ending the era of around 2% GDP growth). Other than the obvious (that an accelerating economy is good for […]