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The Oil Market Has Seemed Skeptical

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The Oil Market Has Seemed Skeptical: Tyler Richey Quoted in Morningstar

Oil prices finish higher as traders weighs risks tied to U.S. airstrikes

The oil market has “seemed skeptical of the potentially positive demand implications of the recent string of strong economic data,” though prices did move up in the wake of the better-than-expected ISM report, Tyler Richey, co-editor of Sevens Report Research, told MarketWatch.

As far as what to watch for this week, Richey said a rise in consumer demand for refined products metrics in the weekly Energy Information Administration report due out Wednesday would be a bullish development, while a return to record U.S. oil output would be “negative for prices in the near term.”

Also, click here to view the full MarketWatch article published on Morningstar on February 5th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Oil Inventories

Lastly, 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.

What Is The VIX Suggesting?

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What Is The VIX Suggesting?: Tom Essaye Quoted in Morningstar

What this key stock-market gauge is telling investors amid a rough start to 2024

Meanwhile, a break above the December high for the VIX “would suggest more volatility looming ahead. Conversely, a reversal back towards the current 2024 low of 13.10 would suggest volatility is easing and stocks would be in an improving position to stabilize in the weeks ahead and potentially resume the late-2023 rally,” said Tom Essaye, founder of Sevens Report Research, in a Friday note.

Also, click here to view the full MarketWatch article published on Morningstar on January 6th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Oil Inventories

Lastly, 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.

Gasoline And Distillate Fuel Supplied Fell Off A Cliff

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Gasoline And Distillate Fuel Supplied Fell Off A Cliff: Tyler Richey Quoted in Morningstar

Oil futures settle lower after ‘massive’ weekly rise in U.S. oil-product inventories

Gasoline and distillate fuel supplied, which is typically viewed as an implied measure of consumer demand, “fell off a cliff.”Tyler Richey, Sevens Report Research

The roughly 20 million-barrel surge in refined product stockpiles was “largely the function of the massive drop off in deliveries around Christmas and New Year’s, which is notably typical in late December and early January,” he said.

Also, click here to view the full MarketWatch article published on Morningstar on January 4th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Oil Inventories

Lastly, 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.

The OPEC+ Decision Was A Clear Disappointment

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The OPEC+ Decision Was A Clear Disappointment: Tyler Richey Quoted in Morningstar

Oil prices stretch loss to a 4th session in a row to settle at lowest since July

“The OPEC+ decision was a clear disappointment last week due to both the underwhelming amount of additional [oil] output curbs and the voluntary nature of the 2024 policy cuts,” said Tyler Richey, co-editor at Sevens Report Research.

“The market didn’t buy it, however, as the bears are pressing OPEC+ for more clarity on the long-term outlook for policy plans and reassurance that the group is willing to do ‘whatever it takes’ to keep oil near or above $80/barrel,” Richey told MarketWatch on Tuesday.

“Looking ahead, the price action in oil has become increasingly heavy, and if there is not some sort of positive or bullish market catalyst ahead, we are likely to see a test of the 2023 lows in the $67/barrel area” for WTI, analysts at Sevens Report Research wrote in a Tuesday note.

Also, click here to view the full MarketWatch article published on Morningstar on December 5th, 2023. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Oil Inventories

Lastly, 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.

Investors Are Searching For What’s Next

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Investors Are Searching For What’s Next: Tom Essaye Quoted in Morningstar

Dow edges higher as stock-market bulls look to build on momentum after best week of 2023

U.S. stocks edged higher Monday, with bulls hoping to build on upside momentum. This is after the best week of 2023 for major indexes.

Investors are “searching for ‘what’s next’ and that could be either 1) A growth scare or 2) A resumption of the soft landing and disinflation narrative that push stocks higher this summer,” Tom Essaye, founder of Sevens Report Research, said in a note. “We will all find out together via the data.”

Also, click here to view the full Morningstar article published on November 6th, 2023. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Oil Futures

Lastly, 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.

The Longer-Term Outlook For Oil

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The Longer-Term Outlook For Oil: Tyler Richey Quoted in Morningstar

Oil futures give up early gains to finish lower

The longer-term outlook for oil remains much less certain with a significant increase in U.S. oil production “dulling the effects of the OPEC+ output cuts led by Saudi Arabia and Russia,” said Tyler Richey, co-editor at Sevens Report Research.

“With longer-term demand expectations fading with the latest string of disappointing global economic reports we received this week, there is growing concern the physical markets will tip into a surplus in the months or quarter ahead.” 

Also, click here to view the full Morningstar article published on November 1st, 2023. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Oil Futures

Lastly, 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.

Oil Futures Briefly Plunged To New Session Lows

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Oil Futures Briefly Plunged To New Session Lows: Tyler Richey Quoted in Morningstar

Oil prices mark first gain in 4 sessions as risks of market disruptions in the Middle East remain

Tyler Richey, co-editor at Sevens Report Research, pointed out that during Wednesday’s session, oil futures briefly plunged to new session lows after a preliminary news headline crossed the wires about Israel agreeing to delay a ground invasion of Gaza, but reports then said the provided reason for the delay was that the Israeli military was awaiting the arrival of U.S. missile support.

All of that “suggests an invasion is still imminent — just not right at this moment,” Richey said.

An implied measure of consumer gasoline demand, known as total motor gasoline supplied, was “largely steady with its smoother four-week moving average rising to a more-than-one-month-high,” said Sevens Report’s Richey. “That firming demand metric amid an unexpected drop in refinery runs last week is likely to result in some near-term pressure on supply, which is bullish for energy prices.”

Also, click here to view the full Morningstar article published on October 25th, 2023. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Oil Futures

Lastly, 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.

Utilities, Staples and Healthcare

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Utilities, Staples and Healthcare: Tom Essaye Quoted in Morningstar

Defensive stocks have traded poorly this year, but this strategist says they are in a sweet spot | Morningstar

A ‘growth scare’ will push Treasury yields lower and increase demand for safe-haven assets in equities: Sevens Report Research

U.S. stocks in the underperforming defensive sectors may be due for a comeback in the coming months as fears of an economic slowdown will push Treasury yields lower and increase demand for safe-haven assets in equities, according to Sevens Report Research.

“I do believe that we will have an economic growth scare in the coming months. That doesn’t mean I’m saying we’ll have a recession, but I do believe we have a growth scare looming and as such, I will begin to ‘nibble’ on utilities, staples and healthcare on the long side starting today, and I’ll rotate out of cyclicals as they’ve benefitted from solid growth and higher rates,” said Tom Essaye, the founder and the president of Sevens Report Research, in a Tuesday note.

Also, click here to view the full Morningstar article published on October 10th, 2023. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Lastly, 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.

Rising Geopolitical Tensions

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Rising Geopolitical Tensions: Tom Essaye Quoted in Morningstar

Dow, S&P 500 flip positive to start week after Hamas attacks Israel

The attack by Hamas on Israel raised fears of a broader conflict, sending crude prices jumping. And spurring haven-related support for gold, the dollar and U.S. Treasury futures. The cash Treasury market is closed for the Columbus Day and Indigenous Peoples Day holiday.

“The human tragedy and geopolitical implications aside, from a market standpoint the attack matters because rising geopolitical tensions mean higher oil prices and the higher oil goes, the stronger the additional headwind on stocks and bonds,” said Tom Essaye, founder of Sevens Report Research, in a Monday note.

Also, click here to view the full Morningstar article published on October 9th, 2023. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Lastly, 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.

Oil Futures End Lower

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Oil futures end lower: Sevens Report Co-Editor, Tyler Richey, Quoted in MorningStar

Oil futures end lower as demand worries outweigh forecasts for supply deficit

The latest U.S. inflation reading ran on the “hot side,” especially on the core figure, which will “bolster the case for a ‘higher for longer’ Fed policy rate outlook, said Tyler Richey, co-editor of Sevens Report Research. That raises the threat that the central bank “chokes off growth and sends the economy into recession,” which is never a good scenario for oil demand.

Also, click here to view the full MorningStar article published on September 13th, 2023. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Oil Futures

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.