FOMC Preview
What’s in Today’s Report: FOMC Preview, Chart: Stocks Are Trading With an 85% Correlation to 2007.
A Potentially Pivotal Week for the 2024 Bull Market
What’s in Today’s Report: A Potentially Pivotal Week for the 2024 Bull Market
Is the Yen Carry Trade Become A Headwind on Markets?
What’s in Today’s Report: Is the Yen Carry Trade Become A Headwind on Markets?
None of this pullback includes growth worries
None of this pullback includes growth worries, and that’s what we have to watch for to make this go from a pullback to something worse. I am still concerned about growth but the data over the past week has been ‘OK,” said Tom Essaye, founder of Sevens Report Research.
Oil futures appropriately popped in the wake of the release
Wednesday’s EIA report was “solid and oil futures appropriately popped in the wake of the release,” said Tyler Richey, co-editor at Sevens Report Research.
The ultimate direction of the S&P 500 will still be determined by economic growth
“The ultimate direction of the S&P 500 will still be determined by economic growth,” remarked Sevens Report analyst Tom Essaye in a Monday note.
The bond market is now signaling a real chance of a greater-than-expected economic slowdown
/in Investing, Reports/by Customer Service“The bond market is now signaling a real chance of a greater-than-expected economic slowdown and falling yields are no longer a positive for markets. Going forward, the sooner Treasury yields can stabilize (ideally with the 10 year close to 4%) the better for markets,” wrote Sevens Report’s Tom Essaye in a note.