Today the Employment Situation report is the key event…wrote Tom Essaye, founder of Sevens Report Research before the report hit the wires. Click here to read the full article.
The odds that the market makes a material move one way or another are…writes Tom Essaye, founder of Sevens Report Research. Click here to read the full article.
The key for markets is how quickly the Fed removes the accommodation, because that dictates…said Tom Essaye, a former Merrill Lynch trader who founded “The Sevens Report” newsletter. Click here to read the full article.
Futures are modestly higher on momentum from Friday’s rally and following mixed…writes Tom Essaye, founder of Sevens Report Research. Click here to read the full article.
At the end of the day, the stock market is driven by two things: 1) Earnings and…Tom Essaye, founder of Sevens Report, said in a note. Click here to read the full article.
This market is vulnerable to a bigger pullback or correction if there’s a new negative…warns Sevens Report Research founder Tom Essaye in a research note to clients. Click here to read the full article.
This market is vulnerable to a bigger pullback or correction if there’s a new… warns Sevens Report Research founder Tom Essaye. Click here to read the full article.
Ahead of the data, markets will want to see solid numbers but nothing so hot that it implies the economy…Tom Essaye, founder of Sevens Report Research, wrote. Click here to read the full article.
The major equity benchmarks weren’t moving much amid underwhelming economic data and as…writes Tom Essaye, founder of Sevens Report Research. Click here to read the full article.
What’s in Today’s Report:
Futures are modestly lower following disappointing Chinese economic data.
Chinese economic data joined recent U.S. data in hinting at a possible plateauing recovery and building inflation pressures. Industrial Production rose 9.8% vs. (E) 10.0% while Retail Sales gained 17.7% vs. (E) 25%. Housing Prices, meanwhile, rose 0.48% vs. (E) 0.41%.
Today the Empire Manufacturing Survey (E: 25) is the key report and markets will want to see solid data and stable prices indices. We also get the Housing Market Index (E: 83) but that shouldn’t move markets.
From a Fed standpoint, Clarida (10:05 am ET) is the headliner today while Bostic (10:00 a.m. ET) will also provide comments.
