Is the Corporate Bond Bubble Bursting?
/in Investing/by Tom EssayePullback 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)
/in Investing/by Tom EssayeWhat’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)
/in Investing/by Tom EssayeFour 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.
/in Investing/by Nidhi ManiarSevens 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
/in Investing/by Customer ServiceSevens 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
/in Investing/by Tom EssayeTechnical 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