Stock Futures Are Bouncing

Stock futures are bouncing back modestly and bonds are stable this morning amid improvement in Chinese economic data,” said Tom Essaye.

Last Week and This Week in Economics, April 17, 2017

Last Week in Economics – 4.10.17 The two important economic numbers came out Friday when markets were closed, so they didn’t receive much attention, although they should have. Both numbers (CPI and Retail Sales) further eroded the reflation trade thesis and will increase worries the economy is losing momentum. Starting with retail sales, the headline […]

Trump - Yellen

Did Trump Just Kill The Reflation Trade? April 13, 2017

Did Trump Just Kill The Reflation Trade? An excerpt from today’s Sevens Report. President Trump, in an interview with the WSJ yesterday, appeared to change his policy on the Fed and interest rates. Specifically, Trump said he thought the dollar was getting too strong, that he favored a low interest rate policy, and he was […]

Dr. Copper Flashes a Warning Sign

Copper futures, which are often looked at as a gauge of economic growth expectations or a leading indicator for a growth-speculation rallies in stocks, broke down to fresh three month lows yesterday. The technical violation is a clear warning sign for risk assets in the near term.  

Syria Political Map

Geopolitical Update: Bearish Catalyst or Excuse?, April 12, 2017

Geopolitical risk has reared its head over the past week, but while the potential military showdowns in Syria or North Korea are the focus of the media headlines, in reality these events aren’t so much direct risks on stocks as they are a reminder of just how priced to perfection the stock market is right […]

Fed Balance Sheet Primer

Fed Balance Sheet Primer, April 11, 2016

An excerpt below from today’s subscriber edition of Sevens Report. Fed Balance Sheet Primer Markets remain consumed by politics and geopolitics, but really the biggest macro surprise so far for 2017 came from the Fed last week, with the realization that they could begin to shrink their balance sheet in 2017. That event has potentially […]


Tom Essaye on “The Bell” Podcast with Dan Wiener and Adam Johnson

I was a guest on Adam Johnson’s podcast “The Bell” last week. We talk auto sales, free tuition, and a lot more. We were also joined by Dan Wiener, editor of the The Independent Adviser for Vanguard Investors, who shares his 5 favorite funds and most “liquid” investment. Get a free two-week trial of Tom Essaye’s Sevens Report—everything […]