“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.
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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.
“On Saturday, the Treasury Department stated it’s not considering blocking Chinese companies from listing on U.S. exchanges ‘at this time,’ refuting the Bloomberg story from Friday, which caused the declines in stocks…” wrote Tom Essaye, president of the Sevens Report, in a note to clients. Click here to read the full article.
Economic expert Tom Essaye with Sevens Report Research said this type of ‘voluntourism’ might be what it takes to make a difference in the Bahamas.
“Anything we can do now to help get them started is important,” he said. “We’ve got to break the idea that, ‘Hey I’m just not going to the Bahamas for a year or two.’ Because if everyone says that, it’s just going to make things worse…” Click here to watch the full interview.
“Futures are higher with most overseas markets thanks to positive trade headlines…” writes the Sevens Reports’ Tom Essaye. Click here to read the article.
“The S&P 500 has now fully retraced the August pullback, and in doing so has priced in a lasting U.S.-China trade truce and aggressive [global] central bank easing…” wrote Tom Essaye, president of the Sevens Report in a Thursday note to clients. Click here to read the full article.
“SmileDirectClub is a show me the money story,” Invesco global market strategist Brian Levitt said on Yahoo Finance’s The First Trade. Sevens Report Research founder Tom Essaye echoed Levitt’s sentiment, adding the stock could stay under pressure near-term as investors grow comfortable with the thesis…Click here to read the full article.
