“Energy traders are focused on the coronavirus right now, trying to gauge how it has, and will, affect demand in China, supply internationally, and ultimately how OPEC+ will adjust…” Tyler Richey, co-editor at Sevens Report Research, told MarketWatch. Click here to read the full article.
“While stocks are hitting new all-time highs and bond yields are moving…investors remain wary of the broader macroeconomic backdrop for the financial markets, and gold is still a favorite safe haven destination…” said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.
“The pace of the drop in copper prices is a growing concern as futures are down more than 10% from the January highs and beginning to suggest that there…” analysts at Sevens Report Research wrote in Tuesday’s newsletter. Click here to read the full article.
“Nothing in phase one will specifically add much to global [economic] growth…” wrote Tom Essaye, president of the Sevens Report in a Thursday note to clients. Click here to read the full article.
“Unless we begin to see significantly colder temperatures show up in the extended forecasts into the back half of winter, the natural gas market is poised to continue lower…” said Tyler Richey, co-editor of Sevens Report Research. Click here to read the full article.
Oil prices had spent the front half of the week moving lower “largely thanks to lingering oversupply concerns and a continued unwind of the geopolitical fear bid that was triggered by the U.S.-Iran…” said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.
Tom Essaye, president of the Sevens Report, said in a Monday note to clients that the near 10% rally the S&P 500 pulled off in the fourth quarter of last year was driven by the idea that “the U.S.-China trade truce combined with global central bank easing (and specifically the Fed being very dovish) will result in a rebound in global growth…” Click here to read the full article.
Shares of the beleaguered aviation company make up 20% of the iShares U.S. Aerospace & Defense ETF ITA, -0.11%, pointed out Tom Essaye, president of the Sevens Report, in a research note out Tuesday. The exchange-traded fund has gained 31% in the year to date, even though Boeing shares are up less than 5%.
And Essaye thinks there’s room for Boeing to gain altitude. “I’m not a Boeing analyst,” he cautions, but lays out a strong case for upside. The decision to halt production on the 737 may have been negative…Click here to read the full article.
The “solid economic data in the U.S. and abroad” paired with phase one/phase two trade deal optimism helped fuel the rally from a fundamental standpoint. From a technical standpoint, recently strong upside momentum is creating a ‘chase’ higher effect, further lifting…” Tyler Richey, co-editor at Sevens Report Research wrote in Tuesday’s newsletter. Click here to read the full article.
Even so, “deeper production cuts were not the consensus expectation coming into this week’s OPEC+ meeting (only an extension of current policy) and if they are formally agreed upon tomorrow, that will be an incremental positive for the market in the near to medium term,” said Tyler Richey, co-editor at Sevens Report Research. Then “we could see WTI futures breakout…” Click here to read the full article.
