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Powell’s Speech Main Takeaway

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The Main Takeaway From Powell’s Speech: Tom Essaye Quoted in Barron’s on MSN

The Stock Rally Won’t Resume Any Time Soon. Here’s Why.

As Sevens Reports Tom Essaye put it, “The main takeaway from Powell’s speech was that in this situation, there’s no way the Fed can get dovish.”
Bulls have pointed to ongoing strength in the labor market as evidence that the economy is still humming, and fodder for the rally. However, as plenty of Federal Reserve watches noted after Chairman Jerome Powell’s remarks last week, the central bank doesn’t appear inclined to let rates fall.

Also, click here to view the full article published by MSN on October 23rd, 2023. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Powell’s Speech

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Sevens Report Analysts Quoted in MSN on June 30th, 2023

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Oil futures climb, with global prices registering the first monthly gain of the year but a 4th straight quarterly decline

Like most assets, right now oil is beholden to the economy, analysts at Sevens Report Research wrote in Friday’s newsletter. Click here to read the full article.

Tom Essaye Quoted in MSN on February 10, 2022

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Will hot inflation data kill the stock-market bounce? What investors want to see

Inflation has to stop going up. I know that sounds overly simplistic, but the bottom line is that for the past several months, markets and the Fed have seen ‘hints’ of a peak in inflation pressures, yet that wasn’t…said Tom Essaye, founder of Sevens Report Research. Click here to read the full article.

Tom Essaye Quoted in MSN Money on December 24, 2019

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“Stocks are grinding relentlessly higher into year-end on continued momentum from the positive resolution of four key events: A phase one trade deal…” Tom Essaye, the founder of Sevens Report, said in a note. Click here to read the full article.

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Tom Essaye Quoted in MSN on October 30, 2019

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“People had aggressively pushed cyclicals higher over the past two weeks,” said Tom Essaye, founder of the Sevens Report. “But in order for that to work out beyond the short term, we need to see economic data get better, and that’s not really happening.” Click here to read the full article.

Tom Essaye Headshot