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Are Policy Mistake Fears Rising?

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What’s in Today’s Report:

  • Bottom Line: Are Central Banks Tightening Policy into an Economic Slowdown?
  • Philly Fed and Flash PMI Takeaways (Both Missed Expectations)
  • Chart: Jobless Claims Remain Low

U.S. stock futures are trading lower along with most global equity markets today as investors digest the hawkish shift by most global central banks this week while concerns about the health of the economy rebound continue.

Economically, Eurozone HICP (their CPI equivalent) rose 0.4% vs. (E) 0.5% in November, easing some of the recent inflation concerns while the latest German Ifo Survey missed estimates on both current and future business expectations metrics which weighed on the regional growth outlook.

Today, there are no economic reports due out in the U.S. however there are two Fed speakers to watch: Daly (1:00 p.m. ET) and Waller (1:00 p.m. ET). The market will want to see Fed chatter echo Powell’s mostly dovish tone from the press conference on Wednesday and any hints at a more aggressive or sooner rate hiking cycle will cause more volatility today.

Finally, today is quadruple witching options expiration so expect very high trading volumes along with the threat of amplified moves as traders continue to digest this week’s hawkish pivot amid year-end rebalancing.

Tom Essaye Interviewed on TD Ameritrade Network on December 15, 2021

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FOMC Takeaways | Fed Focusing On Inflation

The Fed is focused on stopping inflation and stocks can still rally as long as they don’t raise so much that it inverts the…says Tom Essaye of The Sevens Report. Click here to watch the full interview.

Sevens Report Co-Editor Tyler Richey Quoted in Market Watch on December 1, 2021

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Oil prices settle lower as U.S. reports its first case of the omicron variant of coronavirus

Omicron is causing significant volatility in the energy complex as the impact on demand is not yet known…analysts at Sevens Report Research wrote in Wednesday’s newsletter. Click here to read the full article.

Tom Essaye Quoted in Barron’s on October 20, 2021

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The S&P 500 Makes a Comeback. The Funk Is Coming to an End.

Earnings season has been better than expected so far and that has been the main driver of the…wrote Tom Essaye, founder of Sevens Report Research. Click here to read the full article. 

Tom Essaye Interviewed on Yahoo Finance Live on October 19, 2021

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The market reacting positively to earnings isn’t because they’re ‘so great’: Sevens Report Research Pres.

Tom Essaye, Sevens Report Research Founder and President, joins Yahoo Finance Live to discuss the market reaction to earnings season thus far, outlook on inflation… Click here to see the full interview.

Tom Essaye Quoted in Yahoo News on June 30, 2021

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Welcome to a new era of eating habits

This is the first quarter where we can honestly say it looked more like the…says Tom Essaye, a former trader who writes the Sevens Report. Click here to read the full article.

Tom Essaye Quoted in Barrons on May 7, 2021

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Roku Pops, Peloton Jumps, and Tech Is on a Tear

“Today’s focus will be on the Employment…” writes Tom Essaye, founder of Sevens Report, before the jobs report emerged. Click here to read the full article.

Tom Essaye Quoted in Unseen Opportunity on March 17, 2021

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The Whole Market Is Watching The “Median 2023 Dot”

“It is no exaggeration to say that this FOMC meeting has the potential to be the most important one in years as the market is effectively…” said Tom Essaye, founder of the Sevens Report, in a note. Click here to read the full article.

Tom Essaye Quoted in FXEmpire.com on March 16, 2021

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Waiting on the Federal Reserve’s Press Conference

As reported in MarketWatch, analysts at Sevens Report Research wrote in their latest newsletter that, “Gold is attempting to stabilize after the recent pullback, but if Treasury’s bonds continue to fall sharply, prompting yields…” Click here to read the full article.

Tom Essaye Quoted in Nasdaq on March 17, 2021

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Already Up 130%, This ETF Is Set to Soar Post-COVID

“Now, with COVID ending and the labor market improving, it stands to reason that people who receive a check but that also might now be experiencing financial hardship will…” said Tom Essaye, editor of the Sevens Report. Click here to read the full article.