Posts

How Nervous Are Investors Right Now?

/in , /by

How Nervous Are Investors Right Now? Start a free trial of The Sevens Report.

What’s in Today’s Report:

  • Sentiment Update – How Nervous Are Investors Right Now?
  • A Timely Chart: NVDA Falls to Target From Last Thursday’s Report

U.S. equity futures are tracking global markets higher after European economic data came in better than expected and traders optimistically look ahead to big-tech earnings.

The EU’s April PMI Composite Flash rose 1.1 points to 51.4 vs. (E) 50.8 thanks to a solid 52.9 Services sub-index print. The strong data is helping ease worries of stagflation and a weakening consumer which have been simmering so far in 2024.

Today, focus will be on economic data early with the PMI Composite Flash (E:51.9) release and New Home Sales (E: 670K) report due out this morning.

There are no Fed speakers today but the Treasury will hold a 2-Yr Note auction at 1:00 p.m. ET which could offer insight into any changes in Fed policy expectations (the risk to stocks is an auction with weak demand that sends the 2-Yr yield to-or-through 5%).

Earnings season also continues to pick up today with UPS ($1.33), GM ($2.06), LMT ($5.80), GE ($0.67), PEP ($1.52), and SHW ($2.25) reporting before the bell while TSLA ($0.49) and V ($2.43) will release results after the close.

Join thousands of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.

Sevens Report Analysts Quoted in Investing.com on August 21st, 2023

/in , /by

Dow Jones, Nasdaq, S&P 500 weekly preview: All eyes on Nvidia and Powell

Sevens Report analysts: “The market of 2023 is being defined almost by hyperbolic extremes. We started 2023 with investors fearing a catastrophic recession, 1970s- style inflation and 1970s-style rate hikes. That hasn’t happened. But just because that didn’t happen, it doesn’t mean that: No economic slowdown will occur, inflation will magically crash to late 20-teens levels, and the Fed will suddenly turn dovish (as markets priced in at 4,600). The truth is in the middle, and that’s where we are now.”

Click here to read the full article.

Tom Essaye Quoted in Barron’s on August 9th, 2023

/in , /by

Stocks Pause Ahead of Inflation Data

“The Italian government clarified that a windfall tax on bank profits would be capped, sparking a relief rally in European financials and general risk-on trade in global markets,” Tom Essaye writes. “There are no notable economic reports and no Fed officials are scheduled to speak today which is setting the session up to be fairly quiet as traders await tomorrow’s CPI release.” Click here to read the full article.

Tom Essaye Quoted in Blockworks on September 2nd, 2022

/in , /by

Higher-than-expected Jobs Report Not Enough To Push Stocks, Cryptos Green

The question for markets here is, at what point do investors begin to cheer the resilience of economic growth this year in the face of historically aggressive Fed policy tightening that is now beginning to show signs of being effective in capping and likely reducing inflation pressures? Tom Essaye, founder of Sevens Report Research, wrote in a note Friday. Click here to read the full article.

Tom Essaye Quoted in Bloomberg on September 27, 2021

/in , /by

U.S. Stocks Retreat as Investors Await Busy Week in Washington

Investors should prepare for more volatility over the coming days…according to Tom Essaye, a former Merrill Lynch trader who writes the “Sevens Report” newsletter. Click here to read the full article.

 

Tom Essaye Quoted in Yahoo Finance on June 9, 2021

/in , /by

Market Recap: Wednesday, June 9

Stocks traded mixed on Wednesday as investors considered more mixed data on the…said Tom Essaye, founder and president of Sevens Report Research. Click here to read the full article.

Yahoo Finance logo