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.
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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.
Tom Essaye Quoted in Deal Breaker 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, so if races are tight enough for campaigns…” Tom Essaye, founder of The Sevens Report, wrote in a note. Click here to read the full article.
Tom Essaye Quoted in CNBC on November 2, 2020
“Ultimately, the markets want clarity, and the main threat to risk assets this week is the emergence of a contested election, so if races are tight enough for…” Tom Essaye, founder of The Sevens Report, wrote in a note. Click here to read the full article.
Was the Fed a Bullish Gamechanger?
What’s in Today’s Report:
- Was the Fed a Bullish Gamechanger? No, Here’s Why.
- FOMC Takeaways
- EIA Analysis and Oil Update
Stock futures are little changed this morning and international markets were mixed overnight amid quiet newswires as yesterday’s Fed decision was digested against a slew of bad corporate commentary so far this week.
Economically, U.K. Retail Sales were 0.4% vs. (E) -0.3% last month, helping the FTSE outperform ahead of the BOE Announcement due later this morning.
Today, the calendar is slightly busy in the morning with several economic reports scheduled to be released: Jobless Claims (E: 225K), Philadelphia Fed Business Outlook Survey (E: 4.4), and Leading Indicators (E: 0.1%), while no Fed officials are scheduled to speak.
That will leave the market primarily in digestion mode in the wake of the Fed and for stocks to meaningfully rally from here, we will need to see the yield curve steepen and the dollar continue to decline, otherwise, the S&P will have trouble breaking back above 2850.
Tom Essaye Quoted in CNBC on March 5, 2019
“On a valuation basis this market has risen to reflect a macro environment that is materially more positive than the one we currently have, and as a fundamentals-driven analyst, that makes me nervous over…” says Tom Essaye. Click here to read the full article.
Tom Essaye Appeared on The Ticker on Yahoo Finance on March 1, 2019
7 Macro ‘Ifs’ That Could Boost Markets
Tom interviewed with The Ticker’s Jackie DeAngelis on Yahoo Finance to discuss the 7 ‘ifs’ that would have to happen for markets to…Click here to watch the entire clip or click on the video below.
Tom Essaye Quoted in Axios on March 4, 2019
Tom Essaye was quoted in Axios to share his take on U.S./China trade deal, the big picture and more. Read the full article here.
Tom Essaye Quoted in CNBC on March 4, 2019
“Markets expect a deal by the end of March, but the key here will be whether the deal results in the removal of all tariffs,” said Tom Essaye, founder of the Sevens Report. Click here to read the article.
Latest on U.S./China Trade (Is a Deal in Place?)
What’s in Today’s Report:
- Latest on U.S./China Trade (Is a Deal In Place?)
- Positive Signs from the Bond Market?
- Weekly Market Preview (Jobs & The ECB)
- Weekly Economic Cheat Sheet
Futures are modestly higher thanks to reports that the U.S. and China are extremely close to a new trade deal.
The WSJ reported the U.S. and China are aiming to sign a new trade deal on March 27th that will include the removal of all tariffs, although the article cautioned it’s not a done deal at this point.
Economically, data was weak again as British Construction PMI (50.6 vs. (E) 52.5) and EuroZone PPI (3.0% vs. (E) 3.2%) missed estimates.
There are no economic reports today so focus will remain on U.S./China trade and any official confirmation (from the U.S. or Chinese government) of the positive articles that hit overnight.