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.
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