Tech Shares Have Been Driving The Major Stock Indices So Far This Week
Tech shares have been driving the major stock indices so far this week, as focus turns ahead to CPI tomorrow, Essaye writes.
CPI remains the most important monthly economic metric
CPI remains the most important monthly economic metric for the simple reason that if CPI does not continue to decline, markets will have to price in a more hawkish Fed.
Get defensive but hold onto the magnificent seven
Tom Essaye, president of Sevens Report Research, joins BNN Bloomberg for his cautious outlook for the markets and getting more defensive.
Headline and Core CPI – The Important Difference
What’s in Today’s Report: The important difference between headline and core CPI and a look at the NFIB small business optimism index.
The Fundamental Focus of the Oil Market Has Shifted: Oil Futures
The fundamental focus of the oil market has shifted from demand to the supply side as Russia and Saudi Arabia caught markets off guard with their output cut extension announcements. Factoring in the extended cuts, many forecasts reflect deepening supply deficits in physical markets into the end of the year. This has resulted in the latest leg higher to fresh 2023 highs in oil.
CPI Preview Scenarios: Good, Bad, Ugly
What’s in Today’s Report: CPI Preview Scenarios: Good, Bad, Ugly, and Table: CME FedWatch Tool Shows No Additional Rate Hikes This Cycle.
What Credit Spreads Are Saying About the Economy
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: What Credit Spreads Are Saying About the Economy