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.

Tom Essaye Quoted in Barron’s on April 25th, 2023

The lower than expected deposit levels rekindled worries about the health of the banking…writes Tom Essaye, founder of the Sevens Report.

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Tom Essaye Interviewed on BNN Bloomberg on April 25th, 2023

Tom Essaye, from Sevens Report Research, joins BNN Bloomberg to run through his take on prominent companies reporting earnings this week.

Tom Essaye Quoted in Barron’s on April 21st, 2023

Since April 3, we’ve seen the yield on the 1-month Treasury bill fall from 4.7% to 3.9%…Tom Essaye, founder of the Sevens Report, wrote.

What the New Low in FRC Means for Markets

What’s in Today’s Report: What the new low in FRC means for markets, The most consistent market indicator right now and more…

Gold Coins

Why Earnings Caused Yesterday’s Selloff

What’s in Today’s Report: Why earnings results caused yesterday’s selloff, Chart: PKG dropped sharply on cautious guidance, and more…

Stock Market

Hard Landing vs. Soft Landing Scoreboard

What’s in Today’s Report: Hard landing vs. soft landing scoreboard (Table included), Commodities, currencies and bonds update.