Investors still view ‘bad data as good for stocks’
“For now, investors still view ‘bad data as good for stocks’ as it makes rate cuts more likely so a small miss vs. expectations should extend the early rally,” writes Sevens Report Research’s Tom Essaye.
Breadth matters because it basically speaks to investor conviction about fundamentals
Breadth matters because it basically speaks to investor conviction about fundamentals, Sevens Report Research’s Tom Essaye tells Barron’s.
Explaining This Market to Clients (Summer Edition)
What’s in Today’s Report: Explaining This Market to Clients (Summer Edition)
Did the Last 48 Hours Make the Fed More Hawkish?
What’s in Today’s Report: Did the Last 48 Hours Make the Fed More Hawkish?
Investors will need to see economic data that remains goldilocks
“With stocks sitting on record highs investors will need to see economic data that remains ‘goldilocks,’ the absence of any hawkish Fed surprises, steady yields, good retailer earnings, and solid guidance from AI bellwether Nvidia to meaningfully advance beyond current levels,” Tom Essaye at the Sevens Report said in a note to clients.
The key is whether the data warrants a hike
“The key is whether the data warrants a hike and there’s virtually nothing in the day that implies a hike is needed,” Sevens Report Reserach’s Tom Essaye told Barron’s.
Why the Gaetz Withdrawal Sparked Yesterday’s Rally
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Why the Gaetz Withdrawal Sparked Yesterday’s Rally