Technical Update
Market Technical Update (Three Support Levels for the S&P 500 and a Line in the Sand for the VIX), but today focus will remain on earnings (which were “ok” overnight and this morning as AXP, PYPL and HON beat) and Italy.
An Overlooked (But Important) Earnings Report
An Overlooked (But Important) Earnings Report, futures are modestly lower thanks to disappointing economic data, today will be a busy day as we get an important economic report, Philadelphia Fed Business Outlook Survey (E: 20.0) and two Fed speakers (Bullard (9:00 a.m. ET), Quarles (12:15 p.m. ET)) who could add to the growing “hawkish” narrative, and more.
Sevens Report’s Tom Essaye quoted in CNBC on October 17, 2018
Sevens Report’s Tom Essaye quoted on CNBC on October 17, 2018.
Buy the Dip or Fade the Bounce?
US stock futures are down roughly 10 points this morning as yesterday’s big rally and notable post-market gains thanks to strong NFLX earnings are digested and investors look ahead to the Fed Minutes today.
What’s Wrong With Bank Stocks?
What’s Wrong With Bank Stocks? Futures are bouncing modestly this morning, traders and investors are showing more interest than normal in the US Treasury’s foreign exchange report and more.
Tom Essaye on The Wall Street Journal – His Take on U.S. Stocks Rebounding, October 12, 2018
Tom Essaye, president of the Sevens Report on The Wall Street Journal. His view on stocks rebounding after two-day rout.
The Rotation Out of Tech Continues
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: The Rotation Out of Tech Continues