Was Powell’s Speech a Bullish Gamechanger?
Was Powell’s speech a bullish gamechanger? No, oil update – another bearish report, the unexpected Winner from Powell’s Speech (Yield Curve), today focus will be on economic data, and the most important report will be the Core PCE Price Index (E: 1.9%). and more.
The Volatility Index to Watch (Not VIX)
The more important volatility index to watch, was Clarida hawkish?, investor focus will be primarily on the Fed today as one of the two “events to decide the year” will happen over the lunch hour with Powell speaking in New York at 11:30 a.m. ET., on trade, the Washington Post printed another Trump interview overnight and more.
Sevens Report’s Tom Essaye appeared in Yahoo Finance on November 23, 2018
Sevens Report’s Tom Essaye appeared in Yahoo Finance on November 23, 2018. His take on oil, market volatility, stocks and more.
Sevens Report’s Co-editor Tyler Richey quoted in MarketWatch on November 26, 2018.
Sevens Report’s Co-editor Tyler Richey quoted in MarketWatch on November 26, 2018. His take on Dow Theory.
Is Flat the New Inverted?
Is flat the new inverted? futures are trading slightly lower this morning, after the close yesterday, the WSJ ran an interview with Trump where he said he was ready to move forward with increasing tariff rates, with Powell’s speech later this week still a major focus of the market, the Fed chatter will be watched closely while the market will remain very sensitive to any further rhetoric on the trade front (the other big event being the G20) after Trump’s comments yesterday afternoon. and more.
Technical Market Update
Technical market update, two events to decide the year, weekly market preview, weekly economic cheat sheet (all about inflation this week), futures are surging and global markets are up 1%, there are no notable economic reports or Fed speakers today, so focus will remain on the tech sector and more.
Core PCE Price Index Preview (Next Potential Catalyst)
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Core PCE Price Index Preview (Next Potential Catalyst).