This week is very important for AI and tech
“This week is very important for AI and tech because MSFT, AAPL, AMZN, and META, all AI darlings, report earnings and if they post disappointing guidance, it will further erode AI enthusiasm and we could see this pullback continue,” Sevens Report’s Tom Essaye wrote on Monday.
FOMC Preview
What’s in Today’s Report: FOMC Preview, Chart: Stocks Are Trading With an 85% Correlation to 2007.
A Potentially Pivotal Week for the 2024 Bull Market
What’s in Today’s Report: A Potentially Pivotal Week for the 2024 Bull Market
Is the Yen Carry Trade Become A Headwind on Markets?
What’s in Today’s Report: Is the Yen Carry Trade Become A Headwind on Markets?
None of this pullback includes growth worries
None of this pullback includes growth worries, and that’s what we have to watch for to make this go from a pullback to something worse. I am still concerned about growth but the data over the past week has been ‘OK,” said Tom Essaye, founder of Sevens Report Research.
Oil futures appropriately popped in the wake of the release
Wednesday’s EIA report was “solid and oil futures appropriately popped in the wake of the release,” said Tyler Richey, co-editor at Sevens Report Research.
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