Posts

Tom Essaye Quoted in CNBC on August 18th, 2022

Bond yields tick lower, cooling off after Fed’s meeting minutes released

Bottom line, the market continues to view virtually all Fed utterances as implying a less-hawkish pivot and Wednesday wasn’t any exception as the FOMC minutes erased the dollar’s earlier gains and cut the rise in Treasury yields as stocks continue to ignore signals from the currency and bond markets that imply the Fed will not be making this hoped for pivot anytime soon, wrote Tom Essaye of The Sevens Report. Click here to read the full article.

Tom Essaye Quoted in CNBC on August 8th, 2022

Strong economic data puts ‘Fed pivot’ rally in danger, Essaye says

The market has rallied hard on the idea of a Fed pivot. Friday’s jobs report didn’t support that hope and, if anything, will make the Fed more resolute about rate hikes. So, now inflation needs to clearly show signs of peaking and declining, otherwise we’d expect this market to abandon some of that near-term hope, and for volatility to increase, Essaye wrote. Click here to read the full article.

Tom Essaye Quoted in CNBC on July 12th, 2022

Bond yields fall with key part of yield curve hits lowest level since 2007

The widening spread between the 2-year and the 10-year is signaling a very clear recession warning, especially if it reaches 15 basis points…wrote Tom Essaye of The Sevens Report. Click here to read the full article.

Tom Essaye Quoted in CNBC on June 6, 2022

Nasdaq rises slightly to start week, shaking off jump in bond yields

Since those lows near 3,800 in the S&P 500 there has been real progress: China is reopening and hopefully the economy will be close to operating at near-full capacity within a month. That will add a large tail-wind to the global economy, and perhaps most importantly, ease supply chain stress…Tom Essaye of the Sevens Report said in a note. Click here to read the full article. 

 

Tom Essaye Quoted in Nasdaq on June 2, 2022

Markets Slide Once More: Navigate with Managed Futures

Numbers this strong would likely reverse any hopes the Fed would consider a pause in rate hikes after the June/July increases because it would signal the labor market remains very tight…Tom Essaye of the Sevens Report told CNBC. Click here to read the full article.

Tom Essaye Quoted in CNBC on June 2, 2022

Dow falls 300 points, Nasdaq drops 2%, as major indexes notch weekly losses

Numbers this strong would likely reverse any hopes the Fed would consider a pause in rate hikes after the June/July increases, because it would signal the labor market remains very tight…Tom Essaye of the Sevens Report said. Click here to read the full article.

Tom Essaye Quoted in CNBC on May 9th, 2022

10-year Treasury yield rises to its highest level since November 2018

To start the year, we knew that central bank tightening would make for a challenging market, but that has been compounded by two surprise events: The Russia/Ukraine war (no one expected that in January) and Chinese lock-downs (it’s quasi-shocking the Chinese are still adopting these policies and crushing their economy)…wrote Tom Essaye of The Sevens Report. Click here to read the full article.

Tom Essaye Quoted in CNBC on April 26, 2022

Treasury yields fall as economic slowdown fears mount

Growth scares will cause a temporary decline in yields but unless there’s a real threat of a global slowdown (which there isn’t yet) then the direction of global yields remains higher, and we again think it’s just a matter of time until the 10-year yield hits 3%…Tom Essaye, founder of Sevens Report, said in a research note. Click here to read the full article.

Tom Essaye Quoted in CNBC on March 31, 2022

Dow drops to snap four-day winning streak, Nasdaq falls more than 1%

Above 4,600 in the S&P 500, markets have now traded through most fundamental bounds of valuation, and for this rally to continue, we’ll need to see real, actual positive events (not just events that aren’t as bad as feared)…Tom Essaye of The Sevens Report said in a note to clients Wednesday. Click here to read the full article.

Tom Essaye Quoted in Big News Network on February 23, 2022

The Russia/Ukraine situation remains very fluid, and tensions remain high, and in the short term that will remain a headwind on stocks…Tom Essaye, founder of the Sevens Report told CNBC Tuesday. Click here to read the full article.