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SPX: Hot PPI Threatens Key Pillars of Stock Market Rally Says Sevens Report

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Sevens Report president Tom Essaye warns inflation surprise clouds rate-cut hopes

SPX: PPI Shook the Pillars of the Stock Market Rally

Stocks rebounded from modest losses after Thursday’s hotter-than-expected Producer Price Index (PPI) release, but the data rattled investors. Tom Essaye, president of Sevens Report, cautioned that the July PPI “shook the pillars” of the S&P 500’s rally, which has leaned heavily on renewed rate-cut expectations.

“The headline surge was more than four times consensus and the strongest since March 2022,” Essaye said, noting that traders “sold first and asked questions later” as hopes for a September cut dimmed. Rising inflation pressures, he explained, are a direct threat to the macro drivers currently propping up equities.

Technically, Essaye sees the S&P 500 trend as “cautiously bullish” after the index hit new record highs. He flagged key resistance at 6,395, 6,427, and 6,500, while noting important support at 6,340, 6,238, and 6,104.

Also, click here to view the full article on Moneyshow.com published on August 18th, 2025. However, to see the Sevens Report’s full comments on the current market environment sign up here.

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds 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.

SPX: Three Key Market Drivers Right Now Says Essaye

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Economic growth overtakes tariffs as top market influence

SPX: Today’s Three Most Important Stock Market Drivers

Stocks rallied Monday after last week’s sharp pullback, but Tom Essaye of the Sevens Report says fundamentals have slightly worsened since July.

Economic growth is now the primary driver of markets, with recession fears posing sharp downside risk regardless of Fed rate cuts. Fed policy ranks second, as investors look for confirmation of a likely September cut. Tariffs, once the dominant factor, now rank third, with rates expected to settle between 15%-20%, raising stagflation risks but adding some trade stability.

Also, click here to view the full article published in the MoneyShow on August 6th, 2025. However, to see the Sevens Report’s full comments on the current market environment sign up here.

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds 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.

Watch These Gold Levels as Bulls Target New Highs

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Watch These Support and Resistance Levels as Gold Eyes New Highs

Gold’s bullish primary trend, intact since late November 2023, remains in place after record June highs, though momentum is fading. Tom Essaye of Sevens Report says bulls’ key threshold is $3,450, with resistance at $3,444, $3,473, and $3,510, and support at $3,328, $3,284, and $3,181.

Mid-morning Treasury volatility Wednesday briefly pushed gold to session highs before prices settled flat, just under near-term resistance. The $3,325 level is critical support in the short term.

Also, click here to view the full article published in the Moneyshow on August 8th, 2025. However, to see the Sevens Report’s full comments on the current market environment sign up here.

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds 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.

Tom Essaye Named to MoneyShow’s List of Top Market Experts

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Sevens Report founder recognized for clear, trusted market insight

Tom Essaye, founder of Sevens Report Research, has been named to the MoneyShow’s prestigious list of market experts. Known for his plain-English, no-hype financial commentary, Essaye joins a lineup of elite analysts and thought leaders selected for their accuracy, transparency, and impact.

Essaye launched the Sevens Report in 2012 with a goal of helping financial professionals cut through the noise and make better decisions faster. Since then, the firm has expanded to include a range of products:
• Sevens Report Alpha – investment-focused insights
• Sevens Report Technicals – chart-based market analysis
• Sevens Report Quarterly Letter – client communication solutions

A regular guest on CNBC, Bloomberg, Fox Business, and Yahoo Finance, Essaye is also frequently quoted in top financial publications including The Wall Street Journal, Barron’s, Morningstar, and Bloomberg. He holds degrees from Vanderbilt University and the University of Florida.

This recognition from MoneyShow cements his position as a go-to source for market analysis that’s clear, actionable, and trusted by professionals.

Also, click here to view the full article published in moneyshow.com. However, to see the Sevens Report’s full comments on the current market environment sign up here.

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds 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.