Will Politics Add to the Volatility?
Will Politics Add to the Volatility? Today there is a lot of important economic data to watch (in order of importance): Retail Sales (E: 0.5%), Empire State Manufacturing Index (E: 20.0), Philly Fed (E: 20.0) and Jobless Claims (E: 215K). There are also multiple Fed speakers today including Quarles (10:00 a.m. ET), Powell (11:00 a.m. ET), Bostic (1:00 p.m. ET), Kashkari (3:00 p.m. ET) but I don’t expect any of them, including Powell, to reveal anything new.
Inflation Peaking?
Is Inflation Peaking Already? Futures are flat while overseas markets were mostly lower o/n after yesterday’s huge drop in oil weighed on risk sentiment, global data was mixed, and EU political tensions continued, today is the busiest day of the week as far as catalysts go and more.
Sevens Report’s Tyler Richey quoted in Wall Street Journal on November 13, 2018
Sevens Report’s Tyler Richey quoted in Wall Street Journal on November 13, 2018.
Sevens Report’s Tom Essaye appeared on Yahoo Finance on November 12, 2018.
OPEC and oil are expected to move the markets, but in the long term Sevens Report Founder and President Tom Essaye says the dollar, which is at a 2018 high, will and could make all the difference for corporate earnings. Yahoo Finance’s Melody Hahm and Essaye discuss.
A Disconcerting ERP Update
Equity Risk Premium: A Disconcerting Statistic, futures are bouncing modestly after yesterday’s steep equity selloff, most of the more notable catalysts this week will come tomorrow (U.S. CPI, Chinese economic data, Powell speaks, earnings, etc.) but that doesn’t mean that downward momentum that began yesterday can’t continue so support in the S&P between 2705 and 2720 will be important to watch today and more.
Four Keys to a Bottom Updated
Four Keys to a Market Bottom Updated, futures are slightly lower, today should be a generally quiet day given 1) the Veteran’s Day holiday (banks and bond markets are closed), and 2) There are no notable economic reports or earnings today, so, our focus today will be on the dollar, which is now at fresh 2018 highs. If it continues to grind higher that will likely pressure stocks today (a suddenly stronger dollar is not what this market needs right now) and more.
Contrarian Opportunity in Chinese Tech (3 ETFs)
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Can Singles’ Day and Stimulus Offset Concerns in Chinese Stocks?