Year-end positioning and lackluster trading volumes

Sevens Report President Tom Essaye believes year-end positioning and lackluster trading volumes—issues that will ease after New Year’s—are the real culprits behind the declines. 

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Tom Essaye Quoted in Bloomberg on July 12, 2019

“There are a lot more risks underlying this market than the tape would imply,” wrote Tom Essaye, a former Merrill Lynch trader who founded “The Sevens Report” newsletter.

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How Much Is Too Much?

What’s in today’s report: How much is too much? Weekly economic outlook, S&P futures are modestly higher this morning, Chinese GDP slowing to 6.2% vs. (E) 6.3% and more…

Why Yesterday’s Bad Treasury Auction Mattered to Markets

What’s in today’s report: Why yesterday’s bad treasury auction mattered, Futures are modestly higher again, there was no new news on trade overnight, Economic data remained mixed as Chinese exports declined again and more…

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Tom Essaye Quoted in MarketWatch on July 10, 2019

“Powell has a tough job ahead of him. The market is pricing in a 97% chance of a July rate cut, and a 75% chance of one in September.” says the Seven Report’s Tom Essaye.

Finding Attractive Risk/Reward in This Market

What’s in this report: Why Powell was dovish, where can we find attractive risk/reward? Emerging market bonds, energy outlook and more…

Powell Preview

What’s in today’s report: Powell testimony preview, NFIB small business optimism index analysis, Economically, Chinese June CPI was inline but PPI dropped from 0.6% to 0.0% vs. (E) 0.2% and more…