Posts

The ‘Trump always chickens out’ trade is the talk of Wall Street. Here’s one way to play it.

/in , /by

Tariff threats may still offer near-term opportunity but won’t determine market’s next big move, strategist says.

Let’s hear it for the TACO trade.

Wall Street loves a catchy acronym, and the TACO trade, coined earlier this month by Financial Times columnist Robert Armstrong, has captured the mood as investors and analysts attempt to make sense of the roller-coaster market action that has followed President Donald Trump’s sweeping tariff threats and subsequent walk-backs.

It stands for “Trump always chickens out.” The idea is that investors have profited by buying the dip that has followed Trump’s tariff threats. Does Trump always chicken out on his tariff threats? So far, the answer is yes, said Tom Essaye, founder of Sevens Report Research, in a Wednesday note. Click here to view the full article featured in MarketWatch, published on May 28, 2025.

Get access to the full Sevens Report issue on this topic—plus two weeks of free, no-obligation market insights built for advisors.
📩 Start your trial here: click here.

Advisors at top firms like Morgan Stanley, Merrill, Wells Fargo, and Raymond James already subscribe. Ready to see why?
👉 Start your quarterly subscription here: click here.

 

Tom Essaye on The Wall Street Journal – His Take on U.S. Stocks Rebounding, October 12, 2018

/in /by

U.S. Stocks Rebound After Two-Day Rout

“If next week’s data comes in firm and shows us that this economy isn’t losing momentum, then that will likely provide a big confidence boost to stocks, and could help support a rebound,” said Tom Essaye, president of the Sevens Report.

Read the full article here.

Tom Essaye on Bloomberg Radio – October 10, 2018

/in /by

Get Used to More Volatility

Tom Essaye, Founder of The Sevens Report, joined Bryan Curtis and David Ingles on Daybreak Asia, reacting to today’s U.S. equity sell off. To listen to the entire clip go here

 

Tom Essaye on USA TODAY – His Take on Market and Economy Surge

/in , /by

“The stock market is relentless in asking the question, ‘What’s next?’ ” says Tom Essaye, founder of the “Sevens Report,” a financial newsletter. “The idea of ‘peak everything’ is a legitimate one. There is a fear that … while things are great right now, it’s as good as it gets.”

Access the full USA TODAY article here.

Tom’s Take on the Tech Weakness on Seeking Alpha, September 6, 2018

/in /by

stock market update

“Yesterday’s tech weakness, even if it just part of a healthy pullback in an extended sector, does set up a potential danger spot for stocks over the coming days,” says Tom Essaye of The Sevens Report, noting tech has powered stock gains this year even in the face of trade uncertainty.

Read the full article here.

Tyler Richey on Seeking Alpha on September 5, 2018

/in /by

Oil price drops most in three weeks as Gulf storm fears ease

“Gordon largely turned out to be a non-event for the energy market, and if anything, the sell-the-news aspect of the tropics trade has triggered a profit-taking pullback across the space,” says Tyler Richey of the Sevens Report.

Read the full article here

Tyler Richey on Market Watch – His take on Energy Market and Trade – Sep 5, 2018

/in /by

Oil prices settled on Wednesday at their lowest levels in about a week as a major storm that passed through the Gulf of Mexico missed the bulk of the oil and natural-gas operations in the region.

“Gordon largely turned out to be a non-event for the energy market, and if anything, the sell-the-news aspect of the tropics trade has triggered a profit-taking pullback across the space,” said Tyler Richey, co-editor of the Sevens Report.

Read the full article here.

Tom Essaye on Bloomberg Radio – His Take on Trade

/in /by

Tom Essaye, Founder, The Sevens Report, joined Bryan Curtis and David Ingles on Daybreak Asia to discuss the deal on trade with Mexico and the outlook for a resolution with China. He goes onto Fed hikes, how close they are to neutral and when the yield curve may invert.

Click Here to listen to the clip

Tom Essaye’s Take on Market response to US legal and political drama on CNBC

/in /by

Market response to US legal and political drama is ‘appropriate’

Tom Essaye, editor of the Sevens Report, was on CNBC, says “a lot more has to happen” for U.S. President Donald Trump to be impeached.

Tom Essaye quoted on Nasdaq – August 21, 2018

/in /by

Morning Movers: TJX Jumps, Kohl’s Drops, Toll Brothers Soars

We always need a story to tell about why the market is heading higher, and the one that’s making the rounds this morning is about the dollar. In an interview, President Donald Trump criticized the U.S. Federal Reserve for raising interest rates, and that has added uncertainty to what had been all but certain. As a result, the U.S. Dollar Index has dropped 0.2% today because one way a currency gains value against another is by being from a country where rates are anticipated to be higher. And a weaker dollar is supposed to be helping risk appetite in the U.S. and abroad. “Those comments mostly affected the dollar (pushing it lower), which on a longer time frame is bullish for stocks,” writes The Sevens Report’s Tom Essaye.