“The market is already partially pricing in removal of the tariffs that were implemented on Sept. 1. That also means the risk is of disappointment is now real on an actual phase-one announcement, because if all we get is…” said Tom Essaye, founder of The Sevens Report, in a note to clients. Click here to read the full article.
“Right now, markets are strong, and momentum is clearly higher, as the market is seizing on any positive trade utterance or economic data point…” wrote Tom Essaye, president of the Sevens Report, in a Monday note to clients. Click here to read the full article.
Whether or not the performance of these cyclical stocks trading at cheap valuations can continue to lead the market depends on whether faith in an accelerating economy is correct. Tom Essaye, president of the Sevens Report, is not ready to endorse this view just yet. “In the last few days there have been hints of stabilization in the growth data, but just hints…” he wrote in a Tuesday note to clients. Click here to read the full article.
“People had aggressively pushed cyclicals higher over the past two weeks,” said Tom Essaye, founder of the Sevens Report. “But in order for that to work out beyond the short term, we need to see economic data get better, and that’s not really happening.” Click here to read the full article.
“If the Fed clearly signals that this cut is the last cut for sometime, then I’d expect it a pretty nasty reaction from stocks as markets want more rate cuts…” wrote Tom Essaye, president of the Sevens Report, in a Tuesday note to clients. Click here to read the full article.
“People had aggressively pushed cyclicals higher over the past two weeks. But in order for that to work out beyond the short term, we need to see…” said Tom Essaye, founder of the Sevens Report. Click here to read the full article.
Tom Essaye, founder of Sevens Report Research, said this week there are three reasons why the S&P 500 won’t be breaking out above its summer highs in the 3,027 range unless investors see better trade news:
The Phase I deal provided no relief from current trade war tariffs and it contained no provisions that would boost global growth from current levels. The December tariff increases are still in play, so the Phase I deal didn’t even eliminate market uncertainty over whether things could get worse from here.
Click here to read the full article.
Tom Essaye Interviewed with TD Ameritrade Network on October 10, 2019, discussing the upcoming U.S.-China trade negotiations, stock market, what will be the effects of no trade truce, sectors that will benefit with tariff reductions and more…Watch the full interview here.
“The U.S.-China trade talks are the clear highlight this week. Some sort of a trade truce that results in no more new tariffs is the clear market expectation. If that does not occur, this market is at…” said Tom Essaye, founder of The Sevens Report. Click here to read the full article.
“Bottom line, worries about the economy spiked this week, and the last thing this market needs is a soft jobs number to reinforce the idea that any trade truce next week between the U.S. and Chins is ‘too late’ to help manufacturing sentiment. So, it’s not often the case, but the stronger this jobs report, the better, as a strong report will help calm any…” says Sevens Report Research founder Tom Essaye. Click here to read the full article.
