With the Federal Reserve’s decision to leave interest rates unchanged and rates seemingly to remain low for now, fixed-income market watchers are reviewing their outlooks on the best places to invest now. Tom Essaye, the founder of Sevens Report Research, says in a research note that the Fed’s decision to consider “global developments and muted inflation pressures,” along with the U.S. economic…Click here to read the full article.
“The whole infrastructure of the market is changing, for all of us, especially traders, dealing with this extreme short-term volatility is something we all have to get more used to. And, we have to somehow assimilate that into our trading plans and figure out how…” said veteran trader and Sevens Report Research founder Tom Essaye on Yahoo Finance’s “The First Trade.” Click here to read the full article.
Tom Essaye interviewed with Brian Sozzi and Jared Blikre from Yahoo Finance. Click here to watch the full interview.
“The best-performing Q4 sectors are leading to the downside today, and that implies some short-term selling and people positioning before year-end. The market was very overbought at the end of last week. Nothing really…” said Tom Essaye, founder of the Sevens Report.
“Stocks are grinding relentlessly higher into year-end on continued momentum from the positive resolution of four key events: A phase one trade deal, a dovish Fed…” Tom Essaye, founder of Sevens Report, said in a note on Monday.
Tom Essaye, a former Merrill Lynch trader who founded the Sevens Report newsletter, said he prefers ISM, but “the bottom line is both numbers are telling us that manufacturing activity is weak.”
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Tom Essaye interviewed with WPTV Channel 5 discussing giving Tuesday. “The most important thing is do your research,” said Tom Essaye, a financial expert and founder of Sevens Report Research. “Before you reach into your wallet, do your research.” Click here to watch the full interview.
What’s in Today’s Report:
S&P futures were tentatively higher overnight amid mostly quiet news flows until another trade war “tape bomb” triggered rapid risk-off money flows over the last hour.
Speaking in London before this week’s NATO meeting, President Trump said that he “had no deadline” for a trade deal with China and he thought it might be “better to wait until after the election” to make a deal.
The comments lower the odds that a “phase one” deal is agreed upon before the Dec. 15 tariffs are due to go into effect.
In the wake of Trump’s comments this morning, focus will remain almost exclusively on the trade war and any further comments by the U.S. or reaction by China will move markets.
As far as the calendar goes, there is one economic report to watch: Motor Vehicle Sales (E: 17.0M) and there are no Fed officials scheduled to speak today.
“The market still expects a phase one deal that (most importantly) removes the threat of any further escalation in the trade war. But unless there is a material positive surprise, phase one is not going to include material existing tariff reductions…” said Tom Essaye, founder of The Sevens Report, in a note.
Tom Essaye of Sevens Report Research told CNBC that a sizeable crash could be coming for the stock market if talks devolve: If there’s not a China trade deal, you are going to see the S&P 500 go down 10% in a heartbeat. It’s going to fall fast. If the talks collapse this time…Click here to read the full article.
