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.”
Markets may get a bit ugly
Markets may “get a bit ugly” if the central bank doesn’t signal a reduction given the recent tech weakness, said Tom Essaye at The Sevens Report.
Markets could get a bit ugly given recent tech weakness
“If the Fed does not signal a September rate cut, markets could get a bit ugly given recent tech weakness — especially if earnings underwhelm,” said Tom Essaye at The Sevens Report.
The biggest question facing investors today remains ‘Is It Different This Time?
“The biggest question facing investors today remains ‘Is It Different This Time?’” he wrote
The Growth Scare Is Here (What It Means for Markets)
What’s in Today’s Report: The Growth Scare Is Here (What It Means for Markets)
Why the Gaetz Withdrawal Sparked Yesterday’s Rally
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Why the Gaetz Withdrawal Sparked Yesterday’s Rally