Posts

Earnings In Focus

/in , /by

What’s in Today’s Report:

  • Bottom Line – Earnings In Focus
  • Natural Gas Update

Stock futures are trading lower after another quiet night of news as bond yields hit new multi-year highs overnight while investors look ahead to a fresh set of earnings reports today.

The 10-year Treasury Note yield notably tested 2.90% overnight following hawkish commentary from the Fed’s Bullard, who mentioned the possibility of a 75 basis point hike late yesterday.

Looking into today’s session, there is just one economic report to watch: Housing Starts and Permits (E: 1.75M, 1.83M) but it is not likely to move markets. Then there is one Fed speaker mid-day: Evans (12:05 p.m. ET).

Finally, earnings season continues to pick up today with JNJ ($0.34), LMT ($6.22), TRV ($3.70), and CFG ($0.96) reporting before the open and NFLX ($2.92) and IBM ($1.34) due to report after the closing bell.

Tom Essaye Quoted in CNBC on September 28, 2021

/in , /by

10-year yield continues rapid climb, hits the highest since June

The 10-year is now trading at a key level that could prove to be an inflection point for…according to Tom Essaye of the Sevens Report. Click here to read the full article.

Tom Essaye Quoted in Forbes on September 28, 2021

/in , /by

Dow Sinks 500 Points As Spiking Treasury Yields Drive Forceful Tech Stock Sell-Off

Yields on the 10-year Treasury shot up 3.5 basis points on Tuesday to their…market analyst Tom Essaye, president of Sevens Report Research, said in a note. Click here to read the full article.

Tom Essaye Quoted in Market Watch on August 5, 2021

/in , /by

Treasury yields end higher as jobless claims fall

The 10-year yield bounced off the 1.13% level (which seems to be support) and clearly the 10-year can react…Tom Essaye, founder of the Sevens Report Research, said in a note. Click here to read the full article.

MarketWatch logo

Sevens Report Co-Editor Tyler Richey Quoted in Barron’s on June 24, 2021

/in , /by

The 10-Year Treasury Yield Is Down but Not Out. What It Means for Stocks.

An orderly move higher in yields should be welcomed by equity markets as it will underscore investor confidence in the Fed’s ability to…Richey says. Click here to read the full article.