Tom Essaye Quoted in Fox Business on September 25, 2018
The Federal Reserve appears ready to hike interest rates Wednesday for the third time this year, as the central bank responds to rising inflation and robust hiring by U.S. employers. “Something pretty significant would have to happen for the Fed not to hike in December,” said Tom Essaye, founder and editor of The Sevens Report.
Tyler Richey on U.S. News, September 21, 2018
Trade tensions have hit certain commodities more, with copper one of the commodities to fall. Prices are down 22 percent year-to-date.
Rate Hike Preview
Today’s session is not likely to be a very exciting one with the Fed looming tomorrow but there are some housing market reports due out before the bell, US stock futures are pointing to a modest rebound this morning after yesterday’s pullback, on a positive note, the US did sign a revised trade deal with South Korea and more.
S&P 500 At 3000? (Not So Fast)
Today focus will be on the U.S. September PMI Composite Flash (E: 55.1), and as always we’ll be looking for stability in the economic data to imply this strong economy isn’t losing momentum, futures are little changed, economic data was slightly disappointing and more.
Yield Curve Update (Positive)
Today focus will be, of course, on any trade headlines, especially pertaining to next week’s U.S./China trade summit, futures are very slightly higher following a quiet night of news, British Retail Sales was the only notable economic report and more.
Mind the Gap: US vs. EM
Futures are drifting mildly lower, oil is down modestly after the API showed a +1.2M bbl build late Tuesday, some retracement to yesterday’s solid US rally should not be shocking, but as long as tech shares hold up, sentiment towards the trade war doesn’t deteriorate, and volatility in EM doesn’t spike, the general positive trend back towards all-time highs in US stocks should continue in the near term and more.
The Rotation Out of Tech Continues
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: The Rotation Out of Tech Continues