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Why Not Much Changed in Markets Last Week (Despite the Declines)

What’s in Today’s Report:

  • Bottom Line:  Why Not Much Changed In The Markets Last Week (Despite the Declines)
  • Weekly Economic Cheat Sheet:  FOMC Minutes (Wed) is the Key Report this Week.
  • Weekly Market Preview:  Will Investors Get Ukraine and Fed Clarity?

Futures are moderately lower following a quiet weekend of actual news, as futures are being pulled lower by international markets as there was no progress on the Russia/Ukraine standoff.

The Russia/Ukraine situation was unchanged over the weekend and a Russian invasion could occur at any moment and that is acting as a short term headwind on markets.

There was no notable economic or inflation data overnight.

Today Ukraine headlines will drive trading and any headlines that imply the start of a conflict will be a headwind, while any that imply a delay in hostilities will be a tailwind.  We also get one Fed speaker, Bullard (8:30 a.m. ET on CNBC) and he obviously moved markets last week with this 50 bps March hike and 100 bps of tightening by June calls, so we’ll be watching closely to see if he further clarifies or doubles down on those comments (any dovish clarification would provide a small tailwind for stocks).

Tom Essaye Quoted in CNBC on December 5, 2021

Dow jumps nearly 650 points, erasing last week’s losses as investors shake off omicron worries

But it was comments from the Fed that unnerved markets late last week, not fears about the…according to Tom Essaye, author of the Sevens Report. Click here to read the full article.

Tom Essaye Quoted in Crain’s Cleveland Business on August 6, 2021

Wall Street is watching where you’re going to make some big bets

Rising COVID cases will only hurt the market if they result in a change in…Tom Essaye, a former Merrill Lynch trader who writes the “Sevens Report” newsletter, wrote in a note. Click here to read the full article.

Tom Essaye Quoted in India’s Investing.com on August 6, 2021

Copper: As Bears Claw The Red Metal, Could It Slip Below $4?

The point to watch is whether the price falls to $4.20…Tom Essaye, founder of Sevens Report Research, said in a note. Click here to read the full article.

Sevens Report Co-Editor Tyler Richey Quoted in Market Watch on July 30, 2021

Oil prices finish higher to score a 4th-straight monthly gain

July was certainly a rollercoaster in the oil markets, said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.

Tom Essaye Interviewed by Yahoo Finance on July 1, 2021

Why a ‘too hot’ jobs number could spell trouble for markets.

As I said in my morning report, for the first time in years, I’m actually worried about a too…said Tom Essaye, founder of Sevens Report Research. Click here to read the full interview.

Tom Essaye Quoted in Bloomberg on June 14, 2021

From Copper to Corn, Markets Show Peak Inflation Fear Has Passed

Even though inflation metrics are high, the pressure is starting to come off and that leaves investors to say…said Tom Essaye, a former Merrill Lynch trader who founded “The Sevens Report” newsletter. Click here to read the full article.

Tom Essaye Quoted in Barron’s on May 20, 2021

Virgin Galactic Soars, Merck Falls, and Stocks Are Down Again

“Futures are marginally lower as markets digested the slightly hawkish FOMC minutes,” writes Tom Essaye, founder of Sevens Report Research. Click here to read the full article.

Tom Essaye Quoted in CNBC on January 14, 2021

Tom Essaye, founder of The Sevens Report, said the proposal was “being met by a ‘sell the news’ reaction as markets already priced in most of what was included…” Click here to read the full article.

Tom Essaye

Tom Essaye Quoted in Oil and Gas 360 on November 3, 2020

“Ultimately, the markets, want clarity and the main threat to risk assets this week is the emergence of a contested election…” Tom Essaye, founder of The Sevens Report, wrote in a note. Click here to read the full article.