Sevens Report’s Tom Essaye quoted in CNBC on October 25, 2018
Sevens Report’s Tom Essaye quoted in CNBC on October 25, 2018. “What happened yesterday was the market got way oversold,” said Tom Essaye, founder of The Sevens Report. “Was a decline on earnings warranted? Yes, but not 10 percent.”
What If It Is Peak Earnings? (Market Outlook)
What If It Is Peak Earnings? (It Hasn’t Been That Bad in the Past), today there are actually multiple macro events including an ECB Decision (No Change is expected to rates or QE but we’ll be watching to see if Draghi notes equity market volatility), Durable Goods Orders (E: -1.4%), Jobless Claims (E: 212K) and Pending Home Sales (E: 0.0%) plus there are two Fed speakers: Clarida (12:15 p.m. ET), Mester (7:00 p.m. ET).
Four Steps to a Bottom
US futures are in the red again this morning, most importantly for stocks right now, there are a slew of earnings reports today, as far as US economic data goes today, there are two reports on the housing market this morning: FHFA House Price Index (E: 0.3%) and New Home Sales (E: 625K) while the more important release to watch will be the PMI Composite Flash (E: 54.1) due out shortly after the open. and more.
Tom Essaye’s Sevens Report CNBC Asia Interview on October 23rd 2018
Tom Essaye’s Sevens Report CNBC Asia Interview on October 23rd 2018.
Sevens Report’s Tom Essaye quoted in Yahoo Finance on October 22, 2018
Sevens Report’s Tom Essaye quoted in Yahoo Finance on October 22, 2018
Technical Update
Market Technical Update (Three Support Levels for the S&P 500 and a Line in the Sand for the VIX), but today focus will remain on earnings (which were “ok” overnight and this morning as AXP, PYPL and HON beat) and Italy.
Did Powell Really Get More Hawkish on Tuesday?
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Did Powell Really Get More Hawkish on Tuesday? And EIA Update and Oil Market Analysis.