What’s in Today’s Report: When Does Bad Economic Data Become Bad for Stocks?
What’s in Today’s Report: When Does Bad Economic Data Become Bad for Stocks?
Jobs Day Technical Preview & Wildcards to Watch
What’s in Today’s Report: Jobs Report Technical Preview – S&P 500, 10Y, Gold, VIX (Shareable PDF)
Recent data have traders worried that the economy is slowing
Recent data have traders worried that the economy is slowing more than people think, Sevens Report Research’s Tom Essaye tells Barron’s. He notes that if the economy slows too much, the question becomes whether rate cuts in September and December would be enough to turn things around.
The data is starting to show a potential soft landing
Sevens Report Research’s Tom Essaye told Barron’s the data is starting to show a potential soft landing, though where it goes from here is anyone’s guess.
My biggest concern for this market remains that we get an unexpected economic slowdown
“My biggest concern for this market remains that we get an unexpected economic slowdown because that’s one of the few events that can legitimately cause a material correction in stocks,” writes Sevens Report founder Tom Essaye, noting that his worry ticked up last week due to corporate earnings.
A bearish-leaning reality that OPEC+
The market’s bullish hopes for some degree of commitment to ‘price stability’ via the potential for further production cuts were dashed…said Tyler Richey, co-editor at Sevens Report Research.
Renewed Rotation Risks (Smart Money Is Getting Defensive)
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Recent Sector Performance Points to Smart Money Getting Defensive