Massive rotation from tech and tech related sectors

Bottom line, this massive rotation from tech and tech related sectors was caused primarily by investors positioning for a rate cutting cycle and secondarily by anticipation for a Trump administration and negative tech news,” writes Sevens Report’s Tom Essaye.

Why the Fed Wants Higher Rates

What’s in Today’s Report: Why would the Fed keep hiking rates if inflation is coming down? Jobless Claims chart, and more…

Sevens Report Analysts Quoted in MarketWatch on June 23rd, 2023

This heavy price action with repetitive tests of the same support and continuously weaker…noted analysts at Sevens Report Research.

Sevens Report Analysts Quoted in Seeking Alpha on June 23rd, 2023

WTI futures have dropped below $70/bbl four times this year with increasing frequency, but each time technical…Sevens Report Research said.

Sevens Report Analysts Quoted in MarketWatch on June 23rd, 2023

This heavy price action with repetitive tests of the same support and continuously weaker…noted analysts at Sevens Report Research.

Tom Essaye Quoted in Barron’s on June 22nd, 2023

A further rise in claims could bring into question whether or not the labor market is suddenly beginning to deteriorate…wrote Tom Essaye.

What Russian Political Turmoil Means for Markets

What’s in Today’s Report: What Russian political turmoil means for markets, Signs the market is starting to believe the Fed, and more…