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Government Shutdowns Impact

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Government Shutdowns Impact: Tom Essaye Quoted in Forbes

Government Shutdown Would Slow U.S. Economy

Sevens Report’s Tom Essaye wrote to clients last week despite the “ominous” nature of the term, government shutdowns “don’t impact enough people or last long enough to have a lasting macroeconomic impact,”.

Also, click here to view the full Forbes article published on September 27th, 2023. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Government Shutdowns Impact:

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Labor Market Analysis By Tom Essaye Quoted in Forbes

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Labor Market Analysis – Tom Essaye Quoted in Forbes: Strengthen your market knowledge with a free trial of The Sevens Report.

Weaker-Than-Expected August Job Growth Reported—Labor Market Officially At Pre-Pandemic Levels

In a Wednesday note to clients, which included the labor market analysis, Sevens Report analyst Tom Essaye cautioned against bullish investors celebrating a labor market slowdown as an outright win for stocks, writing the economy is now entering the “difficult” stage of navigating a higher-interest rate environment.

“If the labor market is seeing easing, then now is the time the Fed will have to perfectly execute the ‘soft landing,’ because getting the economy to slow is the ‘easy’ part of monetary policy.” wrote Tom Essaye, founder of the Sevens Report.

Click here to read more of Tom’s labor market analysis.

Forbes Labor Market

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Tom Essaye Quoted in Forbes on August 2nd, 2023

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Stocks Slide After Debt Downgrade Even As Experts Dismiss ‘Little’ Impact On Markets

Sevens Report analyst Tom Essaye explained in a Wednesday note that the credit downgrade by Fitch “should have a limited near-term impact”. Click here to read the full article.

Tom Essaye Quoted in Forbes on June 20th, 2023

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Dow Tanks 250 Points—And Some Experts Warn More Pain May Be On Deck

At that price, the S&P is aggressively pricing in a lot of good things occurring and virtually zero negative surprises, Sevens Report analyst Tom Essaye wrote Tuesday. Click here to read the full article.

Tom Essaye Quoted in Forbes on April 7th, 2023

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Labor Market Adds 236,000 Jobs In March—Lowest Since 2020—As Economists Worry Recession May Be ‘Underway Now’

The revisions fueled recession concerns that intensified this week, with “every major data point”—including jobless claims, manufacturing activity and construction spending—signaling the economy is slowing down and pushing some experts to worry it may be slowing down too quickly, says Sevens Report founder Tom Essaye. Click here to read the full article.

Tom Essaye Quoted in Forbes on April 3rd, 2023

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Surprise Oil Production Cuts Risk ‘Exacerbating’ Inflation Pressures And Harsher Fed Policy, Experts Warn

The surprise announcement also suggests OPEC+ may be getting more cautious about its outlook for global oil demand given the elevated threat of a potentially deep recession looming, says Tom Essaye, founder of Sevens Report Research. Click here to read the full article.

Tom Essaye Quoted in Forbes on March 30th, 2023

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Dow Jumps 200 Points As Lack Of ‘Drama’ Spurs Gains

“To say a lot has transpired in the markets over the past three weeks would be an understatement,” Sevens Report analyst Tom Essaye wrote in a Thursday note to clients. Click here to read the full article.

Tom Essaye Quoted in Yahoo on March 14th, 2023

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How the Bank Failures Could Impact You Even If It Wasn’t Your Money

Sevens Report analyst Tom Essaye told Forbes the selloff following Silicon Valley Bank’s collapse and a similar collapse by crypto bank Silvergate last week was “undoubtedly an unwelcome reminder” of the 2008 financial crisis. And noted that SVB tried but failed to stay to afloat after the bank was forced to sell a bond portfolio at a $1.8 billion loss because higher interest rates pushed bond prices “far below” where they were when purchased. Click here to read the full article.

Tom Essaye Quoted in Forbes on March 14th, 2023

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‘Head Fake Rally’? Dow Jumps 400 Points On Bank Stocks’ $37 Billion Recovery

Sevens Report analyst Tom Essaye warned in a Tuesday note that the most recent market gains could be little more than a “head fake rally,” explaining that the Federal Reserve’s actions to protect depositors at Silicon Valley Bank and Signature Bank could actually cause inflation to linger even longer. Click here to read the full article.

Tom Essaye Quoted in Forbes on March 14th, 2023

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Inflation Fell To 6% In February—But Some Experts Fear Banking Crisis Could Make Prices Worse

“If the bank crisis is limited to just a few banks, then the actions taken on Sunday by the Fed and Treasury will prove inflationary,” says Sevens Report analyst Tom Essaye. “By backstopping the depositors, the government has avoided the lion’s share of economic loss from this crisis,” he says, and the $25 billion Bank Term Funding Program, which offers banks loans of up to one year, will increase the Fed’s balance sheet a time when it’s actively trying to shrink it, further reversing the central bank’s recent policy actions, Essaye explains. Click here to read the full article.