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German Industrial Data: Tom Essaye Quoted in Barron’s

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German Industrial Production Data Disappoints – Tom Essaye Quoted in Barron’s

Frankfurt Weighs on Europe Trading as German Industrial Data Disappoint

Germany’s industrial production figures disappointed Thursday, weighing on Frankfurt-traded stocks in a mixed day for European trading.

German industrial production fell 0.8% month over month in July, data out Thursday revealed. Missing economists’ expectations of just a 0.35% decline but marking a moderation from a 1.4% slide in June.

“German industrial production missed estimates as global recession fears crept higher,” noted Tom Essaye, the founder of Sevens Report Research.

Also, click here to view the full Barron’s article published on September 7th, 2023. However, to see Tom’s full comments on global economic data sign up here.

industrial data disappoint

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Navigating Market Signals: Tom Essaye’s Insight on Growth and Demand

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Market Growth and Demand Signals – Tom Essaye Quoted in Barron’s: Strengthen your market knowledge with a free trial of The Sevens Report.

U.S. Stock Futures Slip as Higher Oil Prices Renew Inflation Fears

Economic data on tap includes the ISM services index for August, the trade balance for July, and the release of the Fed’s Beige Book, an anecdotal report of current economic conditions published eight times a year.

“As has been the case lately, the market is looking for signs of slowing demand but not a sharp downturn in growth,” said Tom Essaye, the founder of Sevens Report Research.

“The ISM will be the more important report to watch so a number that is ‘too hot’ or ‘too cold’ will likely see yesterday’s stock market declines extended, while a Goldilocks print will help markets stabilize.”

Also, click here to view the full Barron’s article published on September 7th, 2023. However, to see Tom’s full comments on market growth and demand signals sign up here.

Market Growth and Demand Signals

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.

Renewed Global Growth Concerns

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Growth Concerns – Tom Essaye Quoted in Barron’s: Strengthen your market knowledge with a free trial of The Sevens Report.

Stocks Slip as Trading Resumes After the Long Weekend With Renewed Global Growth Concerns Out of China.

“The Dow Jones Industrial Average was down 33 points, or 0.1%. The S&P 500 declined 0.3%, and the Nasdaq Composite was down 0.3%.

Weighing on the markets were “renewed global growth concerns,” said Tom Essaye, founder of The Sevens Report. China’s purchasing-managers’ index (PMI) showed that the country’s services sector expanded at the slowest pace in eight months.

The remainder of the week looks slow on the economic data front, and investors will continue to digest U.S. jobs data from Friday which gave signs to suggest the labor market may be cooling. That’s what the Federal Reserve wants to see as it works to battle historically high inflation through interest-rate hikes.”

Also, click here to view the full Barron’s article published on September 5th, 2023.

China global growth

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Tom Essaye Quoted in Barron’s on August 30th, 2023

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U.S. Stock Futures Waver After Rally With More Jobs Data in Focus

“There are no Fed speakers today, so investors will be looking for more evidence that supports a continued pause in the Fed’s rate hiking cycle (or peak rates already being in) and ultimately a soft landing,” said Tom Essaye, founder of Sevens Report Research. “Anything that contradicts that narrative will be a headwind on equities and other risk assets today.”

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Tom Essaye Quoted in Barron’s on August 28th, 2023

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Stocks Open Higher Ahead of Busy Week for Economic Data

“This week will be more important than it appeared it would when we started August because of last week’s surprisingly soft flash PMIs, as there is a lot of important economic data this week,” argued Tom Essaye, president of Sevens Report Research. If it confirms that the economy is losing momentum and a hard landing is more likely than previously thought, it will pressure stocks,” he added.

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Tom Essaye Quoted in Barron’s on August 15th, 2023

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Stocks Could Be Sandbagged by Rising Treasury Yields

“That’s why rising Treasury yields are a problem for stocks, because investors will rotate out of riskier equities and into less-risky bonds because the additional return in stocks isn’t worth the volatility,” argues Essaye, who believes that while the current environment makes the historical 4% risk premium unlikely, a “fair” number for 2023 is “definitely higher than 1%!”

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Tom Essaye Quoted in Barron’s on August 14th, 2023

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Asian Markets Sink as China Concerns Sour Sentiment

“Concerns about the Chinese economy grew this morning after real estate firm Country Garden suspended trading in select offshore bonds, reminding investors of Chinese property market volatility from years ago and reinforcing that recession risks in China are real,” said Tom Essaye, the founder of Sevens Report Research.

Click here to read the full article.

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Tom Essaye Quoted in Barron’s on August 11th, 2023

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Stocks Eked Out a Very Small Gain, Snapped Their Losing Streak

“The market already assumes continued disinflation, so the fact that inflation declined modestly in July just met existing (and already priced in) expectations,” Sevens Report Research founder Tom Essaye told Barron’s. “And, much of the gains in the morning were technical, on a rebound from Wednesday’s drop and an anticipation of the CPI report. But, when it failed to provide a new, positive catalyst, we saw trade exit positions as this market needs something new and positive to rally, not just confirmation of what we already assume and have priced in.”

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Tom Essaye Quoted in Barron’s on August 9th, 2023

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Stocks Pause Ahead of Inflation Data

“The Italian government clarified that a windfall tax on bank profits would be capped, sparking a relief rally in European financials and general risk-on trade in global markets,” Tom Essaye writes. “There are no notable economic reports and no Fed officials are scheduled to speak today which is setting the session up to be fairly quiet as traders await tomorrow’s CPI release.” Click here to read the full article.

Tom Essaye Quoted in Barron’s on August 9th, 2023

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Oil Stocks’ Gains Have Lagged Behind Crude. That’s a Bad Sign for the Shares.

“Consumer gasoline demand has collapsed at a record pace in recent weeks,” wrote Sevens Report’s Tom Essaye, who noted that crude is likely to fall from $83 if demand doesn’t soon stabilize. Click here to read the full article.