Is the Corporate Bond Bubble Bursting?
Pullback Update: Why we think the 2650-2850 trading range is still intact, today should be a generally quiet day as travel picks up for the Thanksgiving holiday, but, that said, there are three notable economic reports this morning: Durable Goods (E: -2.5%), Jobless Claims (E: 215k), Existing Home Sales (E: 5.21M). Bottom line, tech remains key in the short term and more.
Why Stocks Dropped (Again)
What’s in Today’s Report: Why Stocks Dropped Yesterday? More Housing Trouble? Are “Gassy” MLPs a Buy? Today will be another quiet day, as we have no Fed speakers and just one economic number: Housing Starts (E: 1.24M), futures are moderately lower on momentum as Monday’s U.S market declines spilled over globally and more.
Four Keys to a Bottom (Some Progress Achieved)
Four keys to a bottom, weekly market preview (busy despite the holiday), weekly economic cheat sheet (all about flash PMIs and housing), futures are marginally lower following a very quiet weekend as markets digest the Thursday/Friday rally and more.
Sevens Report’s Tom Essaye quoted in Barron’s on November 15, 2018.
Sevens Report’s Tom Essaye quoted in Barron’s on November 15, 2018.
Sevens Report’s Tom Essaye appeared on Fox Business on November 15, 2018
Sevens Report’s Tom Essaye appeared on Fox Business on November 15, 2018. Tom Essay’s take on Berkshire Hathaway CEO Warren Buffett’s stock picks with Liz Claman.
Technical Update
Technical update, economic data recap, EIA analysis and oil update and more. Today, there is one important economic report to watch: Industrial Production (E: 0.2%) and two Fed speakers: Clarida before the open (8:30 a.m. ET) and Evans just before lunch (11:30 a.m. ET), otherwise, focus will be on tech shares today as if the bad earnings from NVDA weigh on the sector more broadly, then stocks will have a hard time extending yesterday’s bounce.
The Rotation Out of Tech Continues
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: The Rotation Out of Tech Continues