Investors still view ‘bad data as good for stocks’

“For now, investors still view ‘bad data as good for stocks’ as it makes rate cuts more likely so a small miss vs. expectations should extend the early rally,” writes Sevens Report Research’s Tom Essaye.

The meme stock rally hints at a lingering complacency amongst investors

The meme stock rally “hints at a lingering complacency amongst investors,” Sevens Report founder Tom Essaye wrote to clients Tuesday.

Even after the revisions, the data was really mostly in line.

But Sevens Report Research’s Tom Essaye told Barron’s in a phone interview that even after the revisions, the data was really mostly in line.

“Good, bad and ugly” outcomes for the April consumer-price index reading.

Tom Essaye, founder of Sevens Report Research, took a look Tuesday at potential “good, bad and ugly” outcomes for the April consumer-price index reading.

Even a small bout of stagflation would result in a 10%-20% decline in stocks

 “Stagflation doesn’t have to be as bad as it was in the 1970s, but for a stock market that’s trading above 21 times earnings, the truth is that even a small bout of stagflation would result in a 10%-20% decline in stocks,” said Tom Essaye, founder of Sevens Report Research, in a Monday note.

Jobs Report Preview

Advisor Considerations of the “T+1” Settlement Change

What’s in Today’s Report: Practice Management Update: Examining the Upcoming Move to T+1 Settlement

How Long Can Goldilocks Last?

What’s in Today’s Report: How Long Can Goldilocks Last? Weekly Market Preview: More Updates on Growth and AI Enthusiasm (NVDA Earnings on Wednesday).