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Taper Outlook: Good, Bad, and Ugly Scenarios

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What’s in Today’s Report:

  • It’s Not When, But How the Fed Tapers That Matters

U.S. stock futures are tracking most global equity markets higher this morning as Chinese tech shares recovered from recent declines and trader focus is shifting ahead to the Fed’s Economic Policy Symposium later in the week.

Economically, German GDP rose 1.6% vs. (E) 1.5% in the second quarter, easing some concerns that the global economic recovery is losing momentum.

Today, there is one economic report due out: New Home Sales (E: 700K) but it shouldn’t materially move markets and no Fed officials are scheduled to speak.

There is a 2-Yr Treasury Note auction at 1:00 p.m. ET, and given the increased sensitivity towards taper plans and interest rates right now, the outcome could move markets in the afternoon.

Tom Essaye Quoted in The Byron Review on August 6, 2021

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Jobs increased by 943,000 in July; Unemployment rate drops to 5.4%

The July jobs report reinforces the fact that the Fed will reduce its quantitative easing over the…Tom Essaye, founder and chairman of Sevens Report Research said. Click here to read the full article.

 

Tom Essaye Quoted in Unseen Opportunity on May 25, 2021

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Consumer Confidence Sinks, Calling Bull Market Into Question

The market is basically in a holding pattern until the next big event, which is the Fed’s tapering schedule (or not tapering schedule), until we have more clarity on Fed tapering and the longer-term…wrote Tom Essaye, founder of Sevens Report, in a note. Click here to read the full article.

Tom Essaye Quoted in CNBC on May 25, 2021

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S&P 500 erases gains and ends day slightly lower as market rally stalls

The market is basically in a holding pattern until the next big event, which is the Fed’s tapering schedule (or not tapering schedule), until we have more…said Tom Essaye, founder of Sevens Report. Click here to read the full article.

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