S&P 500 Violates Trend Support
The S&P 500 is showing signs of fatigue as one version of the post-election uptrend line was violated yesterday. Initial support at 2365 is now the most important support level to watch in the index as a violation would likely mark the beginning of the first pullback in the Trump-Rally
Economics, This Week and Last Week, March 20, 2017
Every Monday in the Sevens Report, you’ll find a review of last week and a preview of this week. Sign up for your free trial today and start each week “sevens strong.” Last week was generally “Goldilocks” from an economic data and Fed standpoint, as economic data continued to be buoyant while the Fed successfully […]
FOMC Takeaways, March 17, 2017
The FOMC raised the fed funds rate 25 basis points, as expected. Below is an excerpt from the full Sevens Report, focusing on the takeaways from the March 15, 2017 Fed meeting. The Sevens Report is everything you need to know about the markets in your inbox by 7am in 7 minutes or less. Sign […]
Oil Outlook: Getting More Bearish, March 15, 2017
Why the Monthly OPEC Report Was Bearish Oil An excerpt from today’s Sevens Report—get a free 2-week trial of the report with no commitments. Oil remains the big story, as its early morning sell-off to multi-month lows prompted a pullback in stock futures, and ultimately the major US equity indices opened lower. WTI futures finished […]
S&P Approaches Tipping Point
The S&P 500 held on to initial support at 2365 yesterday, albeit barely as the index has approached a tipping point with a key multi-month trendline.
FOMC Preview, March 14, 2017
FOMC Preview Despite the near-universal expectation of a 25-basis-point rate hike at tomorrow’s FOMC meeting, this meeting contains a lot of very important unknowns regarding the pace of future rate hikes. As such, this meeting is a real, legitimate risk to stocks. Get our full FOMC preview and all the analysis you need to stay ahead of the […]
A Likely Quiet Trading Day But With One Important Economic Report
/in Investing, Reports/by Tom EssayeFutures are modestly lower in quiet trading following the Christmas holiday.