Chart of the Day: Trump Trips the Dollar
The dollar index traded down to a one-month low yesterday as the markets grew cautious after Trump failed to divulge details of his administrations’ plans after inauguration, most notably corporate tax reform.
Stock Market Update: January 10th, 2017
Stock Market Update excerpt from the Sevens Report: Stocks gave back most of Friday’s gains on Monday thanks mostly to digestion of last week’s rally ahead of some important catalysts later this week (Trump’s speech Wednesday specifically). A sharp drop in oil also weighed on the averages. The S&P 500 fell 0.35%. Stocks started Monday […]
Stock Market Update: January 6, 2017
Stock Market Update from The Sevens Report: Stocks declined for the first time in 2017, but the losses were small, as disappointing retailer earnings offset more decent economic data ahead of the first big catalyst of the year… the December jobs report. The S&P 500 declined 0.08%. Stocks were flat at the start of Thursday […]
Stock Market Update: 01/04/2017
Stock Market Update excerpt from The Sevens Report. Stocks surged to start the new year as a resumption of the Q4 “Trump/Reflation” trade, along with strong economic data sent stocks moderately higher to start the year. The S&P 500 rose 0.85%. Stocks were higher from the outset Tuesday in part because they needed to play […]
S&P 500 Chart
Stocks spent virtually all of Thursday near unchanged in quiet holiday-like trade, as markets ignored economic data and geopolitical news (Russian sanctions). The S&P 500 dipped a slight 0.03%. The S&P 500 pulled back for a second day yesterday but importantly held our initial support level at 2246 mentioned on pg. 5 of the Sevens […]
Chart of the Day: Natural Gas Continues to Climb
Natural gas futures continued to climb yesterday as weather reports are forecasting colder than average temperatures well into 2017 which is raising prospects for more larger than average supply draws.
The Rotation Out of Tech Continues
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: The Rotation Out of Tech Continues