June ADP Employment Report
/in Investing/by Tom 2APD Employment Report Non-Farm Payrolls surged 281K in June vs. (E) 213K Takeaway Yesterday’s ADP employment was far better than analyst expectations of just 213K. While the May data were left unrevised at 179K. Stock futures spiked up to session highs upon release of the report but quickly pared those gains as again buyers seemed […]
Australian Dollar Continues Lower
/in Investing/by Tom 2Most 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
/in Investing/by Tom 2Iraq 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
/in Investing/by Tom 2Last 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
/in Investing/by Tom 2Oil holds above $106 on demand prospects
7:00’s Report Editor Tom Essaye Discusses Gold Miners on Fox Business 6.23.14
/in Investing/by Tom 2Tom 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.
Trade War 2.0 Primer (Needed Context)
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: U.S. Trade Primer (Needed Context for Trade War 2.0)