Market Intelligence – Page 66 – Sevens Report Research

Tech Weakness Amid Bullish Investor Sentiment

What’s in Today’s Report: Why Was Tech So Weak Yesterday? How Bullish Is Investor Sentiment? (Very Bullish)

Investors are searching for what’s next and that could be either 1) A growth scare or 2) A resumption of the soft landing…Tom Essaye said.

What’s in Today’s Report: Market Multiple Levels Chart – S&P 500, and Manheim Used Vehicle Value Index Falls 4% Y/Y – Chart.

So look for Treasury yields to continue to drive short-term trading, writes Sevens Report Research’s Tom Essaye.

It is important to watch the S&P500 index’s support zone from 4,050 to 4,170, where the index spent most of April…according to Tom Essaye.

Seemed to be in reaction to the addition of the phrase ‘tighter financial conditions’ for households and businesses,” said Tyler Richey.

The longer-term outlook for oil remains much less certain with a significant…said Tyler Richey, co-editor at Sevens Report Research.