Sentiment Has Deteriorated Since The Start Of December
Sentiment Has Deteriorated: Tom Essaye Quoted in Barron’s
Stocks Open Lower as Market Digests November Rally
“Investors will want to see more evidence that supports a soft landing in the data as sentiment has deteriorated since the start of December,” Tom Essaye writes.
Sevens Report Research’s Tom Essaye points out that the decision by Moody’s Investors Service to downgrade the outlook for Chinese government credit to negative from stable could be weighing on sentiment. Economic reports due in the day ahead are the Job Openings and Labor Turnover Survey and ISM Services Index, both at 10 a.m. ET.
Also, click here to view the full Barron’s article published on December 5th, 2023. However, to see the Sevens Report’s full comments on the current market environment sign up here.
If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.
To strengthen your market knowledge take a free trial of The Sevens Report.
Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.
