Posts

Sevens Report Analysts Quoted in Market Watch on September 28th, 2022

/in , /by

U.S. oil prices settle back above $80 as Hurricane Ian forces production cuts

We have to acknowledge the dominant trend is still lower for the oil market right now but we do continue to look for the market to stabilize soon as we do not believe the combination of over-compliance by OPEC+, tight global physical markets, and the geopolitical uncertainty surrounding the war in Ukraine can be solely offset by concerns about the global economy…wrote analysts at Sevens Report Research, in a note. Click here to read the full article.

Tom Essaye Quoted in Barron’s on September 20th, 2022

/in , /by

Stocks Tumbled as Market Continues to Fear the Fed Ahead of Wednesday Meeting

“Tomorrow’s FOMC decision will likely either further pressure stocks… or offer some relief to markets that the Fed isn’t going to raise rates as much as feared, and in doing so allow markets to bounce,” wrote Sevens Report’s Tom Essaye. Click here to read the full article.

Sevens Report Analysts Quoted in Market Watch on September 20th, 2022

/in , /by

Oil prices settle at a nearly 2-week low as an expected Fed rate hike may hurt energy demand

“We continue to believe that the oil market is in the process of finding its footing, However, a hawkish Fed this week could further stoke fears of a hard landing and spur a continued rally in the dollar, which would surely see the recent lows near $80/barrel tested into the weekend,” said analysts at Sevens Report Research, in a Tuesday newsletter. Click here to read the full article.

Sevens Report Co-Editor Tyler Richey Quoted in Market Watch on September 21st, 2022

/in , /by

U.S. oil futures settle lower as Fed rate hike feeds worries about a recession

Higher rates are restrictive in nature, and likely to become a headwind on consumer spending including that on refined products like gasoline and diesel…said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.

Tom Essaye Quoted in Forbes on September 19th, 2022

/in , , /by

Stocks Struggle As Markets Brace For Another ‘Unusually Large’ Fed Rate Hike

Oil prices fell more than 2% as risks of a recession “weighed heavily” on the market, analyst Tom Essaye of the Sevens Report, wrote in a Monday note. Click here to read the full article.

Sevens Report Analyst Quoted in Market Watch on September 19th, 2022

/in , /by

Gold retreats, holds near a more than 2-year low as investors await Fed decision

The new lows for gold have shifted our call on gold from neutral to bearish for the medium term. That will remain the case until we reach peak hawkishness with Fed expectations resulting in a top in the dollar and interest rates, both nominal and real, beginning to decline…analysts at Sevens Report Research wrote in Monday’s newsletter. Click here to read the full article.

Tom Essaye Quoted in S&P Global on September 19th, 2022

/in , /by

Persistent inflation to push Fed to tighten more, delay rate peak

From a Fed standpoint, obviously they cannot even think about stopping until this [inflation] number gets down to something more tenable…said Tom Essaye, a trader and founder of financial research firm The Sevens Report. Click here to read the full article.

Sevens Report Co-Editor Tyler Richey Quoted in Market Watch on September 13th, 2022

/in , /by

Oil prices finish lower after stronger-than-expected U.S. inflation reading

The “hot” CPI print also brought a 100 basis point rate hike into play at the September meeting. A more aggressive Fed in the months ahead, “will choke off growth and ultimately weigh on broader consumer demand, including demand for refined products…said Tyler Richey, co-editor of Sevens Report Research. Click here to read the full article.

 

Was the CPI Report a Bearish Gamechanger?

/in , /by

What’s in Today’s Report:

  • Was the Hot CPI Report a Bearish Gamechanger?
  • CPI Takeaways
  • Chart: Real Rates Surge – 5-Yr TIPS Yield Tops 1%

Equity futures are bouncing modestly relative to yesterday’s steep declines as Treasury yields are steady and the dollar is easing back with investors continuing to digest the hotter than expected August CPI report.

Economically, U.K. inflation data came in cooler than feared (PPI unexpectedly declined and CPI undershot estimates) but Eurozone Industrial Production for July badly disappointed at -2.3% vs. (E) -0.8%.

Looking into today’s session, there are no Fed officials scheduled to speak and no potentially market-moving Treasury auctions which will leave the focus on the PPI report due out ahead of the bell(-0.1%, Core: +0.3%).

If the wholesale inflation data comes in “cooler” than expected, leaving yields and the dollar to give back some of yesterday’s gains, stocks should be able to attempt to stabilize, however, another “hot” print would likely mean further losses in the midst of renewed dollar strength and likely rising rates.

Sevens Report Co-Editor Tyler Richey Quoted in Market Watch on September 8th, 2022

/in , /by

Oil futures finish higher on ‘oversold’ condition, despite a hefty weekly rise in U.S. supplies

Oil futures ended higher on Thursday, with prices near-term oversold, following Wednesday’s multi percentage-point drop to multi-month lows…said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.