Renewed Rotation Risks (Smart Money Is Getting Defensive)

What’s in Today’s Report: Recent Sector Performance Points to Smart Money Getting Defensive

Bullish

An S&P 500 Priced for Perfection: May MMT Chart

What’s in Today’s Report: May MMT Chart: An S&P 500 Priced for Perfection and more…

multiple

May MMT Update: Less Bad News Is Not Good

What’s in Today’s Report: May Market Multiple Table Update: Don’t Confuse Less-Bad News for Actual Good News.

Markets have held up well to a dramatic reduction in rate-cut estimates

“Since the start of the year, markets have held up well to a dramatic reduction in rate-cut estimates,” Tom Essaye, founder and president of Sevens Report Research, said.

Earnings in those tech companies are really important

Bottom line, there are a lot of potential catalysts for markets today but the key to stocks stabilizing…writes Sevens Report Research’s Tom Essaye.

Earnings in those tech companies are really important

I can tell you with a lot of confidence that if Google [parent Alphabet] and Microsoft did not post strong earnings last week, we would be below 5000 in the S&P 500 Sevens Report Research’s Tom Essaye told Barron’s.

Sevens Report Research’s Tom Essaye Quoted by Barron’s in a Phone Interview

“What I think that’s doing is reminding everybody, after a couple of days of a breather, that there’s really a long and growing list of indicators that are showing price pressures are firming up,” Essaye says.