What The Oil Market Internals Are Telling US
While active, front month oil futures are threatening to break out to new highs for the year, back month futures are in clear downtrends, which is longer-term bearish for the energy complex.
Real Economics vs. Trump’s Washington Buzz
As has been the case since the election, the political noise in the market is deafening. But cutting through that noise, the reality is this: The gap between market expectations from Washington and the current reality has grown significantly in the month since Trump’s inauguration, and it is not an understatement to say that political […]
“Is the Stock Market Too Expensive?” February 23, 2017
“Is the Stock Market Too Expensive?” That’s a question I’m getting asked a lot lately by subscribers and colleagues. With stocks at record highs, there is a lot of worry that the market is unsustainably expensive. But, that’s simply not the case. Yesterday, in the full edition of The Sevens Report, we broke it down. Provided a three-part analysis of […]
10 Year T-Note Yield Remains Pinned
The 10 year yield remains effectively pinned between 2.30% and 2.60% as Fed policy outlook is as unclear as current fiscal policy outlook.
Disappointing Numbers from Flash February Manufacturing & Service PMIs: February 22, 2017
Below is an excerpt from the “Economics” section of the Sevens Report. The Sevens Report has everything you need to know about the markets by 7am each morning in 7 minutes or less—can get a free trial if you sign up now. Flash February Manufacturing & Service PMIs Feb. Manufacturing PMI declined to 54.3 vs. […]
Natural Gas Futures Plunge
Natural gas futures plunged 9% to settle at a 6-month low yesterday as speculative longs “threw in the towel” on bets that colder than average temperatures might spur elevated demand in the back half of winter.
Jobs Day
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Jobs Day and Updated VIX Analysis.