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Highest Number of Dissents Among FOMC Members Since 1992 – Tom Essaye

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Monetary policy uncertainty, by itself, isn’t a bearish game changer says Tom Essaye

U.S. Dips Into Oil Reserves as Iran War Enters Its Third Month

Wednesday’s Federal Open Market Committee meeting saw the highest number of dissents among voting FOMC members since 1992, leaving the market with limited conviction as to which direction the Fed will move policy rates in the coming months and quarters. Case in point, federal-funds futures have priced back in risks of rate hikes in 2027 (17.5% odds).

Monetary policy uncertainty, by itself, isn’t a bearish game changer that will derail the latest leg of this historic, respect-worthy stock market rally. But markets prefer to have a good idea of what lies ahead, particularly with regard to monetary policy, and the prior consensus view that the Fed is “on hold” for now with the eventual next change to policy rates being a rate cut, not a hike, is poised to be challenged by the latest run-hot economy showing up in the latest “hard data” reports.

And while a run-hot economy is widely preferred over either stagflation or sudden contraction, the uncertainty regarding rate policy will leave the risks of relatively violent bouts of market volatility increasingly elevated as we continue to navigate 2026. Tom Essaye

Also, click here to view the full article published in Barron’s on May 1st, 2026. However, to see the Sevens Report’s full comments on the current market environment sign up here.

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Tom Essaye Quoted in Barron’s

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A lasting ceasefire to be agreed to in the relatively near future, writes Sevens Report Research’s Tom Essaye.

Stocks Are Falling. The Nasdaq’s Win Streak Is in Jeopardy.

“Despite that escalation, ceasefire talks between the two countries are still expected to occur on Tuesday and markets still fully expect a lasting ceasefire to be agreed to in the relatively near future,” writes Sevens Report Research’s Tom Essaye.

Also, click here to view the full article published in Barron’s on April 20th, 2026. 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.

Need To See Strong Demand In The 10-Yr Auction Says Tom Essaye

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Need to see strong demand in the 10-Yr auction says Tom Essaye

Treasuries Are Soaring in Relief Rally. A Key Auction Is Ahead.

The Treasury Department will auction $29 billion worth of 10-year notes today. More demand for the note would indicate investors are less worried about the inflation pass-through from the war.

“It will be important to see strong demand in the 10-Yr auction to assure investors’ stagflation worries have eased amid the ceasefire,” wrote Tom Essaye, founder of The Sevens Report.

Also, click here to view the full article published in Barron’s on April 8th, 2026. 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.

Geopolitical Headlines Will Remain The Primary Focus Says Tom Essaye

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Geopolitical headlines will remain the primary market focus

S&P 500 Gains on Hopes for Iran Peace Talks

“Today, geopolitical headlines will remain the primary market focus and any signs that a ceasefire deal is likely to be agreed upon between the U.S. and Iran has the potential to spark a continued relief rally, extending last week’s gains in equity markets,” Sevens Report Research’s Tom Essaye writes.

Also, click here to view the full article published in Barron’s on April 6th, 2026. 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.

Tom Essaye Quoted in Barron’s

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All the market cares about is ‘no more further escalation

The VIX Falls Below 30. Latest Iran Headlines Calm the Market’s Fear Gauge for Now.

“All the market cares about is ‘no more further escalation,'” Sevens Report Research’s Tom Essaye told Barron’s. “As things are now, we can live with. The fear is it continues to escalate, and now we’ve got attacks all over the place in the Persian Gulf. And this appears to take the teeth out of that—although it is sort of impossible to figure out what the ‘truth’ is going to be in a few hours.”

Also, click here to view the full article published in Barron’s on March 31st, 2026. 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.

Price volatility in oil futures remains historically extreme says Tyler Richey

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Price volatility in oil futures remains historically extreme right now said Tyler Richey

Oil futures lose more than 11%, as energy ministers consider release of emergency crude reserves

“Price volatility in oil futures remains historically extreme right now,” said Tyler Richey, co-editor at Sevens Report Research. It is “safe to expect more volatility in the sessions ahead regardless of the direction, as the market has become almost entirely headline-driven with keen focus on the Middle East,” he told MarketWatch.

Also, click here to view the full article featured on Morningstar published on March 10th, 2025. 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.

Tom Essaye Quoted in Barron’s discussing AI Anxiety

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 The report is nothing new for a market that has been gripped with AI anxiety

The Dow Falls 800 Points. Wall Street Is Worried AI Could Be Bad for Financial and Discretionary Stocks, Too.

Sevens Report Research’s Tom Essaye told Barron’s that the report is nothing new for a market that has been gripped with AI anxiety in recent weeks.

“Importantly, I don’t think anything new has occurred that is negative,” Essaye says. “It just seems to be the market focusing on the same narrative from two weeks ago. So while that’s not gonna make a difference today – nothing new and bad has occurred.”

Also, click here to view the full article published in Barron’s on February 24th, 2026. 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.

Sevens Report: Tech Can Rally, but AI Dominance Is Uncertain

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Tom Essaye says software ETF IGV must stabilize before AI fears ease.

In a Broader Rally, Tech Can Still Win—But Maybe Not Dominate

Technology stocks may continue to participate in a broader market rally, but their dominance is no longer assured, according to Sevens Report President Tom Essaye.

Essaye says growing concerns that artificial intelligence could cannibalize parts of the software industry have created the most uncertain backdrop for the AI-driven bull market in three years. He points to the iShares Expanded Tech-Software Sector ETF (IGV) as a key barometer, arguing that the fund must stabilize before broader confidence in AI stocks can return.

In his view, IGV holding above last week’s low is critical. Without that technical support, skepticism surrounding AI spending, earnings sustainability, and lofty valuations could intensify. Essaye cautions investors against dismissing the recent weakness as routine volatility, noting that legitimate questions are emerging about whether expectations have outpaced reality.

That said, Sevens Report does not believe the outlook for AI and tech has turned outright negative. Major technology companies are still delivering earnings growth, but elevated expectations and aggressive capital-expenditure plans leave less room for error.

For investors seeking diversification, Essaye suggests looking beyond mega-cap tech to equal-weight, value, developed international, and low-volatility strategies. While tech can still win in a broader rally, its leadership may no longer be automatic.

Also, click here to view the full article published in Barron’s on February 12th, 2026. 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.

Tom Essaye Quoted In Barron’s – A Problem For The Nasdaq and S&P 500

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If AI blows up large market sectors, that won’t be good for the S&P 500

Review & Preview: Utilities Are the New Bitcoin

“If AI begins to make entire, large sectors of tech no longer needed, that is a problem for the Nasdaq and the S&P 500 and that loss of earnings could offset AI efficiency gains in the short and medium term,” wrote Tom Essaye, president of the Sevens Report. “If AI blows up large market sectors, that won’t be good for the S&P 500.”

Also, click here to view the full article published in Barron’s on February 5th, 2026. 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.

I Think It Would Help Sentiment – Says Tom Essaye

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I think it would help sentiment, says Tom Essaye

Review & Preview: It’s Only January?

“If we could go a weekend without some sort of tariff threats, or arresting of a foreign leader, or threatening to bomb Iran—if we could go a couple of days, I think the market would appreciate it,” Sevens Report Research’s Tom Essaye told me. “I think it would help sentiment a bit and let us refocus on the data—which is pretty Goldilocks—and earnings, which, on balance, are fine.”

Also, click here to view the full article published in Barron’s on January 30th, 2026. 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.