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Inflation Expectations Dashboard

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What’s in Today’s Report:

  • Sevens Report Inflation Expectations Dashboard
  • Chart: Gold Holds Key Trend Support

Stock futures are wavering between gains and losses this morning as traders digest mixed economic data and look ahead to a key inflation report due later in the week.

Economically, Japanese GDP was not as bad as feared in Q1 but German Industrial Production missed estimates as did the U.S. NFIB Small Business Optimism Index which is weighing modestly on sentiment this morning.

There are two economic reports to watch in the U.S. today: International Trade in Goods and Services (E: -$69.0B) and JOLTS (E: 8.045M). The latter will be the more important to watch as investors continue to look for clues regarding the state of the labor market recovery.

No Fed officials are scheduled to speak today however there is a 3-Yr Treasury Note auction at 1:00 p.m. ET and a weak outcome could rekindle taper fears with Thursday’s CPI report coming into focus.

Sevens Report Co-Editor Tyler Richey Quoted in MarketWatch on May 11, 2021

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Gold pulls back from a 3-month high to mark first loss in 5 sessions

On the other hand, “the threat of stagflation continues to emerge as an underlying market theme, and that is supportive of gold for one main reason…” analysts at Sevens Report Research, wrote in Tuesday’s newsletter. Click here to read the full article.

Gold Bars

Sevens Report Co-Editor Tyler Richey Quoted in MarketWatch on April 8, 2021

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Gold scores the biggest daily gain of the month to end at a 6-week high

The latest string of strong economic data, including the good March U.S. jobs report last Friday and ‘hot’ ISM purchasing managers surveys, have “suggested the economic recovery is accelerating,” said Tyler Richey, co-editor at Sevens Report Research. Subsequently, 5-year…Click here to read the full article.

Tom Essaye Quoted in FXEmpire.com on March 16, 2021

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Waiting on the Federal Reserve’s Press Conference

As reported in MarketWatch, analysts at Sevens Report Research wrote in their latest newsletter that, “Gold is attempting to stabilize after the recent pullback, but if Treasury’s bonds continue to fall sharply, prompting yields…” Click here to read the full article.

Tom Essaye Quoted in Barron’s on March 11, 2021

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At least gold still hasn’t breached a key lower level. It is “comfortably above increasingly…” Tom Essaye, founder and president of Sevens Report Research, wrote in a note—if $20 can be considered comfortable. Click here to read the full article.

Tom Essaye Quoted in Invezz on Decemeber 14, 2020

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Nancy Pelosi said last week that negotiations over a coronavirus stimulus package could run through the holiday period, but this is too late according to some analysts. “At this point, markets have priced in and are expecting stimulus near term, so if that…”, said analyst Tom Essaye. Click here to read the full article.

Sevens Report Quoted in MarketWatch on December 14, 2020

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The bottom line is that the market does expect something more” from the central bank, analysts at Sevens Report Research wrote in Monday’s latest newsletter. That doesn’t mean more quantitative easing, but “it does mean some sort…” Click here to read the full article.

Co-Editor of Sevens Report Tyler Richey Quoted in MarketWatch on December 2, 2020

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“Gold finally found its footing as a steep drop in the dollar and firming inflation outlook…,” resulting in a rally on Tuesday, said analysts in the latest newsletter for Sevens Report Research. Click here to read the full article.

Tyler Richey Co-editor at Sevens Report Quoted in MarketWatch on August 26, 2020

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“Historically, good economic data is negative for gold but in this case, real interest rates declined in the wake of the release, as rising…” Tyler Richey, co-editor at Sevens Report Research, told MarketWatch. Click here to read the full article.

Gold

Sevens Report Co-Editor Tyler Richey Quoted in MarketWatch on April 30, 2020

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Traders moved to “square their books into the end of the month,” said Tyler Richey, co-editor at Sevens Report Research.

Gold “bulls will want to see stable interest rates and renewed recovery in inflation expectations” in order for a rally in gold to continue…” and gave some traders an excuse to book profits into month end. Click here to read the full article.