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.

Magnifying Glass

Jobs Report Preview (Will It Reinforce the No Landing Expectation?)

What’s in Today’s Report: Jobs Report Preview (Will It reinforce the no landing expectation?), FOMC Minutes: Fed’s hawkish tone and more…

ISM Data Points To Rising Odds of a Hard Landing

What’s in Today’s Report: Trading Color – Quarterly rebalancing helps improve breadth, ISM Manufacturing Index takeaways – Not a good report.

Sevens Report Analysts Quoted in MSN on June 30th, 2023

Like most assets, right now oil is beholden to the economy…analysts at Sevens Report Research wrote in Friday’s newsletter.

Sevens Report Co-Editor, Tyler Richey, Quoted in Morningstar on June 29th, 2023

Oil stabilized at support near the 2023 lows following Wednesday’s weekly Energy…said Tyler Richey, co-editor at Sevens Report Research.

Tom Essaye Quote in Barron’s on June 30th, 2023

Futures are moderately higher mostly on momentum and end of quarter/half positioning, as economic data overnight was mixed…said Tom Essaye.

Sevens Report Co-Editor, Tyler Richey, Quoted in Morningstar on June 29th, 2023

Oil prices notch back-to-back gains a day after data reveal a hefty drop in U.S. crude supplies The EIA’s report showed the four-week moving average of gasoline supplied, a proxy for demand, rising to the highest level since November 2021. That strong consumer demand trend is one of the reasons why WTI oil hasn’t dropped […]