Why the Gaetz Withdrawal Sparked Yesterday’s Rally

What’s in Today’s Report: Why the Gaetz Withdrawal Sparked Yesterday’s Rally

Australian Dollar Continues Lower

Most currencies were driven by economic data yesterday. The Dollar Index drifted slightly higher off the decent June ISM manufacturing PMI (up +0.06%) while the euro was slightly weaker (down -0.12%) after mixed manufacturing PMIs (they generally met expectations but the euro has seen a big rally lately). The Aussie was the best performer vs. […]

Update on the Conflict in Iraq

Iraq Update Iraq has deteriorated a bit this week and the inability of the Iraqi Parliament to choose a new PM weighed a bit on stocks late yesterday.  Before reading the particulars, keep in mind there are two negative scenarios in Iraq for the markets.  The first is that ISIS gets south of Baghdad and […]

Your Weekly Economic Cheat Sheet – 6.30.2014

Last Week There were three important economic takeaways last week:  First, housing appears to be finally bouncing from its winter dip.  Second, capital spending (businesses buying a new machine or some other high-cost investment) continues to not rebound like the rest of the economy has since the winter.  Third, inflation has clearly accelerated over the […]

Sevens Report Analyst Tyler Richey Featured on the WSJ’s MarketWatch.com Discussing Crude Oil Prices

Oil holds above $106 on demand prospects

7:00’s Report Editor Tom Essaye Discusses Gold Miners on Fox Business 6.23.14

Tom Essaye discusses the outlook for the broad market and the potential for a continued rally in gold mining stocks on FBN’s Varney & Co. with host Stuart Varney.

Your Weekly Economic Cheat Sheet-6.23.2014

Economic data last week were universally better than expected and further implied that the pace of economic growth domestically is accelerating to the best levels since the crisis (referred to as “escape velocity,” or greater than 3% GDP growth). Additionally, we got more signs that inflation is indeed bottoming, via the CPI.