Sevens Report’s Tom Essaye quoted in CNBC on December 26, 2018
Sevens Report’s Tom Essaye quoted in CNBC on December 26, 2018. His take on the market.
Valuation Update
Valuation Update and a new “Fair Value” trading range, futures are extending the late Thursday gains, today investors will see if the year-end bounce can continue, there are a few economic reports including International Trade in Goods (E: -$75.7B), Chicago PMI (E: 62.4) and Pending Home Sales Index (E: 1.5%) but none of those should move markets materially and more.
Was that the Bottom? (Technical Update)
Technical update, futures are lower and giving back about 1/3 of yesterday’s massive rally, the Trump administration is considering an executive order banning U.S. companies from using Huawei and ZTE products (both Chinese firms) and more.
More Unforced Errors
More unforced errors, stock futures are bouncing modestly this morning, news flows were mostly quiet over the last 48 hours however President Trump did make supportive comments regarding Secretary Mnuchin after he spooked markets Monday and continued to blame the Fed for the recent selloff and more.
Long Term Entry Point?
Why I’m buying some stock in my IRA today, weekly economic cheat sheet, weekly market preview, futures are seeing a modest oversold bounce, if there is a “reason’ for this modest bounce in futures it was the administration trying to reassure investors over the weekend and more.
Sevens Report’s Tom Essaye quoted in Bloomberg on December 2, 2019
Sevens Report’s Tom Essaye quoted in Bloomberg on December 2, 2019
Today’s moves are being driven by the tech earnings
/in Investing, Reports/by Customer Service“Most of today’s moves are being driven by the tech earnings, which is helping ease the anxiety from Thursday’s results,” Sevens Report Research’s Tom Essaye told Barron’s.