It’s very early in the quarter, but it’s not off to a great start
Sevens Report Research’s Tom Essaye told Barron’s that traders that have been worried about soaring tech valuations took the first wave of earnings reports as an opportunity to sell.
As you see people reducing tech exposure, you’re getting the whole gamut being sold
“As you see people reducing tech exposure, you’re getting the whole gamut being sold,” Essaye says.
Fundamental influences are “conflicted” right now
Fundamental influences are “conflicted” right now, Tyler Richey, co-editor at Sevens Report Research, told MarketWatch.
Higher-for-longer central-bank policy expectations
“Higher-for-longer central-bank policy expectations, a strengthening dollar, and subsequent worries about the sustainability of economic growth in a high-rate/strong-dollar environment, are acting as headwinds on global oil prices,” said Tyler Richey, co-editor at Sevens Report Research.
A lot of that news has been digested by markets during this pullback
“But, a lot of that news has been digested by markets during this pullback and because it’s nothing new, we’re seeing a bit of a relief rally,” Essaye says.
“It’s Pretty Much Economics 101”
t’s pretty much Economics 101 that bitcoin prices go up after halving, according to Sevens Report analyst Tom Essaye.
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