Some have speculated that while the Federal Reserve has reiterated it is sticking with current policy for now, fast-recovering inflation could force it to reduce support. “Yesterday is likely the day that central banks began the long trip back…” wrote Tom Essaye, founder of Sevens Report Research, in a note. Click here to read the full article.
“Archegos Capital was unable to make margin calls last week which resulted in losses, and Nomura and Credit Suisse, and that’s causing some mild anxiety about more…” wrote Tom Essaye, founder of Sevens Report Research. Click here to read the full article.
Tyler Richey of Sevens Report Research tells Barron’s that an ongoing short squeeze may also weigh on the broader market. In order to fund the ability to buy back stocks that were previously shorted, long-short hedge funds must sell existing holdings…Click here to read the full article.
But “President-elect Biden’s $1.9 trillion plan is being met by a “sell the news” reaction as markets already priced in most of what was included…” wrote Tom Essaye, founder of Sevens Report Research, in a note. Cyclical stocks, whose fate rests on the perceived health of the economy, had a strong Thursday in anticipation of Biden’s speech. Click here to read the full article.
The market rally we’ve seen over the past few weeks has been driven by five factors, Tom Essaye, founder of Sevens Report Research, explained in a note Monday. Stimulus from the Federal Reserve…Click here to read the full article.
Now, the dollar is testing a critical level. The index had the dollar at 89.95 by mid morning on Friday, while the nearest support level for the greenback is 89.13, according to analysis from The Sevens Report Research. A drop of 0.9% from the current level is all it would take to hit…Click here to read the full article.
“While we think the time to rotate is growing closer, we do not agree this Fastly guidance cut is a canary in the…” writes Tom Essaye, author of The Seven Report newsletter. Click here to read the full article.
“Markets will continue to focus on Capitol Hill and the ongoing negotiations for the next stimulus deal. Specifically, Speaker Pelosi and Treasury Secretary Mnuchin are expected to have a follow up…” writes The Sevens Report’s Tom Essaye. Click here to read the full article.
For now, though, all eyes are on Washington. “For the next several days reports of President Trump’s health will…” writes The Sevens Report’s Tom Essaye. Click here to read the full article.
“Now, over the medium and long term, the Fed’s average inflation target means that when cyclicals start to outperform, and when yields begin to rise, both those rallies will last longer…” writes Tom Essaye of The Sevens Report newsletter. Click here to read the full article.
