Fundamentals are positive, they still don’t justify current valuations
While the fundamentals are positive, they still don’t justify current valuations — making the market vulnerable to a negative surprise…according to Tom Essaye, founder of the Sevens Report.
Hawkish central-bank policy is bad for the oil market
“Hawkish central-bank policy is bad for the oil market, because high interest rates over time act as a steady headwind…Tyler Richey, co-editor at Sevens Report Research, told MarketWatch.
Retail Sales Is The Next Big Number
“Retail sales is the next big number and then we’ll go from there,” Sevens Report Research’s Tom Essaye told Barron’s.
The CPI release didn’t counter existing market narratives
Sevens Report Research’s Tom Essaye told Barron’s in a phone interview that while the headline figure didn’t meet expectations, the numbers didn’t counter existing market narratives.
The initial market reaction to the CPI release was a hawkish one
The initial market reaction to the CPI release was “a hawkish one, which saw oil prices decline to session lows,” said Tyler Richey, co-editor at Sevens Report Research.
How oil futures close out the week today will largely depend on how investors digest today’s jobs data
How oil futures close out the week today will largely depend on how investors digest today’s jobs data. If it is more ‘market-friendly…analysts at Sevens Report Research said in a note.
Renewed Rotation Risks (Smart Money Is Getting Defensive)
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Recent Sector Performance Points to Smart Money Getting Defensive