The issues that caused the pullback have quieted over the past two weeks, which has…wrote Tom Essaye, a former Merrill Lynch trader who founded “The Sevens Report” newsletter. Click here to read the full article.
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.
Right now, the current market valuation assumes that tax increases are relatively small and that companies bear most of the…Tom Essay said. Click here to read the full article.
What’s in Today’s Report:
Futures are modestly lower to start the fourth quarter as House Democrats failed to pass infrastructure legislation, while economic data was better than expected.
House Democrats remain divided about the size of the infrastructure and reconciliation bills, and the Debt Ceiling can’t be increased until a compromise is found.
EU and UK global final PMIs slightly beat estimates while EU Core HICP (their CPI) was slightly hot (1.9% yoy vs. (E) 1.8% yoy), implying the global recovery remains on track and that inflation pressures are still firm.
Today’s focus will be on important economic reports. First, the Core PCE Price Index (E: 0.2%, 3.6%) is the Fed’s preferred measure of inflation and if it’s much hotter than expectations, that will push yields higher and be another headwind on stocks. Also, the ISM Manufacturing PMI (E: 59.8) gets released and markets will want to see stability there. We also get Consumer Sentiment (E: 71.0) and the inflation expectations component will be closely watched. Finally, there are two Fed speakers today, Harker (11:00 a.m. ET) and Mester (1:00 p.m. ET) but neither should move markets.
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Bottom line, the stock market is being driven by the bond market this week and if we see…writes Tom Essaye, founder of Sevens Report Research. Click here to read the full article.
Bottom line, the stock market is being driven by the bond market this week and if we see bonds…said Tom Essaye, founder and president of Sevens Report Research. Click here to read the full article.
Really what you’re seeing is, across asset classes, the market is adopting a…Tom Essaye, The Sevens Report Research Founder, told Shouzy Finance Live on Monday. Click here to read the full article.
The 10-year is now trading at a key level that could prove to be an inflection point for…according to Tom Essaye of the Sevens Report. Click here to read the full article.
Yields on the 10-year Treasury shot up 3.5 basis points on Tuesday to their…market analyst Tom Essaye, president of Sevens Report Research, said in a note. Click here to read the full article.
Really what you’re seeing is, across asset classes, the market [is adopting] a pro-cyclical view…Tom Essaye, The Sevens Report Research Founder. Click here to read the full article.
