Corporate earnings growth and interest rate movements are likely to more directly impact equity prices.

The stock market fallout of shifting expectations for November’s election will likely be “very short term,” Sevens Report founder Tom Essaye wrote to clients, as more directly impactful developments like corporate earnings growth and interest rate movements are likely to more directly impact equity prices.

Tom Essaye Quoted in Barron’s on August 2nd, 2023

Looking into today’s session, focus will be on the U.S. credit downgrade as investors digest the potential implications on…wrote Tom Essaye.

Tom Essaye Quoted in Barron’s on August 2nd, 2023

When you have a market that is essentially pricing in nothing bad happening and all of a sudden you get kind of a surprise…Essaye said.

Tom Essaye Quoted in Forbes on August 2nd, 2023

Sevens Report analyst Tom Essaye explained in a Wednesday note that the credit downgrade by Fitch “should have a limited near-term impact”.

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