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The Four Key Influences on this Market

What’s in Today’s Report:

  • The Four Key Influences on this Market (and How to Easily Monitor Them)
  • EIA Analysis and Oil Update

Futures are modestly lower this morning as the market digests several disappointing earnings releases (notably CSX and NFLX) while U.S.-China trade concerns linger after multiple negative news articles were released overnight.

Economically, U.K. Retail Sales beat (1.0% vs. E: -0.3%), which is helping the pound recover from fresh 2019 lows.

News flow will remain steady today with two economic reports to watch: Jobless Claims (E: 215K) and Philadelphia Fed Business Outlook Survey (E: 4.5) while there is one Fed official scheduled to speak: Williams (2:15 p.m. ET).

Over the last 24-36 hours, earnings became a more significant driver of the broader stock market so today’s corporate results will be important to watch. Before the bell UNH ($3.46), MS ($1.13), HON ($2.08), and UNP ($2.12) all release results and MSFT ($1.21), and COF ($2.84) will report after the bell.

Tyler Richey Quoted in MRT on July 15, 2019

Tyler Richey, co-editor at Sevens Report Research wrote in a note to clients, “Near term, the trend is still higher. But formidable technical resistance…” Click here to read the full article.

oil rig

Tyler Richey Quoted in Bloomberg on July 14, 2019

“Near term, the trend is still higher, but formidable technical resistance in the mid-$60s and persistent demand concerns due to…”  Tyler Richey, co-editor at Sevens Report Research in Florida, wrote in a note to clients. Click here to read the full Bloomberg article.

Graph

Tyler Richey Quoted in MarketWatch on June 9, 2019

“Geopolitics, and more specifically the threat of more military activity between the U.S. and Iran, is one of the only remaining bullish factors supporting the…” said Tyler Richey, co-editor of Sevens Report Research. Click here to read the full article.

Oil Rig

Tyler Richey Quoted in Bloomberg on June 24, 2019

“Oil squeezed higher last week on tensions in the Middle East, but with so much uncertainty regarding the trade war…”said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.

Oil Rig

Tyler Richey Quoted in MarketWatch on July 2, 2019

“Oil did not go into free-fall [Tuesday] because of any supply side disappointment or OPEC+ developments, but because of…” Tyler Richey, co-editor of Sevens Report Research, told MarketWatch. Click here to read the full article.

Tyler Richey Quoted in Yahoo Finance on June 25, 2019

“Oil squeezed higher last week on tensions in the Middle East, but with so much uncertainty regarding the trade war and global economy, the demand…” says Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.

Man at Oil Rig

Tyler Richey Co-editor at Sevens Report Quoted in WorkBoat on June 20, 2019

As of June 20, oil prices have settled a bit lower after an uptick following a larger-than-expected drawdown of U.S. crude stockpiles in early June. That drawdown “helped ease some of the supply side concerns in the energy market…but U.S. supply data is a secondary influence on the market…” according to Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.

Off Shore drilling boat

Tom Essaye Quoted in MarketWatch on June 13, 2019

Tom Essaye, founder of the Sevens Report Research, partly credited expectations for further economic supportive measures from China for the market’s gains. “Chinese Vice Premier Hu called for more stimulus…” Click here to read the full article.

Tyler Richey co-editor of Sevens Report Quoted in MarketWatch on June 12, 2019

“The dominant trend remains bearish as U.S. oil supply is up more than 10% this year, and…” says Tyler Richey, co-editor of Sevens Report Research, told MarketWatch. Click here to read the full article.

Oil Rig