What Is Dow Theory Saying Now?
What’s in today’s report: What is dow theory saying now, 10’s-2’s yield spread and bank stock outlook (post Powell’s press conference), Futures…and more.
Tom Essaye Quoted in Financial Times on May 1, 2019
Tom Essaye, founder of The Sevens Report, said a modest but noticeable 539,000-barrel draw from the Strategic Petroleum Reserve — just the second time the US has tapped its SPR this year…
Tom Essaye Quoted in Barron’s on May 2, 2019
Keep an eye on how the market overall responds to Wednesday’s drop. “Traders will be focused on whether the S&P 500 can hold yesterday’s low…”
Tom Essaye Quoted in MarketWatch on May 2, 2019
Tom Essaye quoted in MarketWatch on May 2nd 2019. After Powell’s news conference, investors were “left with a market lacking a material, positive catalyst at the moment and one at the top of reasonable valuations…” said Tom.
FOMC Takeaways (Where’s the Positive Catalyst Now?)
What’s in today’s report: FOMC takeaways, why this Fed isn’t good at communication, jobs report preview, oil market update, Futures and more.
Curve Steepening: Buy Banks?
What’s in today’s report: 10’s-2’s showing signs of life, S&P futures are indicating stocks will open at all-time highs today, AAPL beat on earnings and revenue in Q1 and more…
The bullish thesis for stocks is stronger now
/in Investing, Reports/by Customer ServiceTom Essaye, founder and president of the Sevens Report, says the bullish thesis for stocks is stronger now because all of the tests set up two weeks ago were passed.