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.
”Futures are moderately higher on Covid-19 treatment optimism following the FDA’s authorization of plasma treatment…” wrote The Sevens Report’s Tom Essaye before the open. Click here to read the full article.
”In a televised meeting, Russian President, Vladimir Putin, stated that Moscow’s Gamaleya Institute successfully developed a ‘safe and effective’…” writes The Sevens Reports Tom Essaye. Click here to read the full article.
Tom Essaye, founder of Sevens Report Research, thinks most of Friday morning’s rally can be attributed to a “typical oversold bounce,” though he does note there are hopes global governments will unveil economic stimulus plans over the weekend. That began to take form as Germany announced such a fiscal stimulus package. And on a more positive note, Thursday’s drop could be a sign of investor capitulation, according to Essaye…Click here to read the subscribe.
