Sevens Report’s Tom Essaye said Friday that another rate cut might be a bearish signal for the economy.
“While this is a fairly unique situation that the markets have rarely seen in the past, especially in the age of high-frequency trading houses and 24 hour, instant news sources, if the Fed does indeed cut rates in the coming months as the markets are pricing in…” Essaye said. Click here to read the full article.
Tom Essaye, The Sevens Report: “There is no question that growth and earnings will be lower in the coming months, and while we saw some pretty significant cuts to expected S&P 500 2020 earnings…” Click here to read the full article.
Investors may be hoping a March rate cut stops the bleeding in the stock market, but Sevens Report’s Tom Essaye said Friday that another rate cut might be a bearish signal for the economy.
“While this is a fairly unique situation that the markets have rarely seen in the past, especially in the age of high-frequency trading houses and 24 hour, instant news sources, if the Fed does indeed cut rates in the coming months as the markets are pricing in, then it will mark…” Essaye said. Click here to read the full article.
Tom Essaye intereviewed with Brian Sozzi and Alexis Christoforous from Yahoo Finance to discuss the debate on whether the Federal Reserve must hold an emergency meeting this weekend and cut interest rates to arrest the coronavirus stock market crash.
Click here to watch the full interview.
And don’t forget about the Nevada caucus, where Bernie Sanders scored a big victory. “Politically, Sanders won the Nevada Caucus with more than 40% of the vote, implying his base is bigger than thought, meaning he might be a more…” writes The Sevens Report’s Tom Essaye. Click here to read the full article.
The second reason stocks could keep rising is that so far, the economic fallout from the COVID-19 virus appears to be only temporary. In fact, Essaye said investors are seemingly anticipating any lost earnings in the first quarter will simply be recovered in later quarters…Click here to read the full article.
The lack of a guidance update can mean “mean the company doesn’t have much of an idea how big…” said Tom Essaye, co-founder of The Sevens Report. He noted, however, the market will look through any earnings disruption as long as it is limited to the first quarter of 2020. Click here to read the full article.
“In the short-term, there are two things holding this market up. One, expectations of a dovish Fed. And it’s the expectation of a global economic rebound. If either one of those come into doubt, the market is going to…” Sevens Report Research founder Tom Essaye said on Yahoo Finance’s The First Trade. Click here to watch the full video.
“It’s still an opportunity for a surprise, and given an expected perma-dovish Fed is one of the two pillars of this rally, we need to watch Powell’s…” wrote Tom Essaye, editor of the Sevens Report. Click here to read the full article.
“Market sentiment towards Sanders has shifted lately. Two weeks ago, his surging popularity was interpreted as a negative, because many of his policies are not stock market friendly. However, now the market’s opinion on…” says Sevens Report Research founder Tom Essaye. Click here to read the full article.
