Posts

The latest data point to offer a whiff of stagflation

The latest data point to offer a whiff of stagflation: Sevens Report Co-Editor, Tyler Richey, Quoted in MarketWatch


Oil prices head lower, paring gains for the week

The U.S. consumer sentiment report was the latest data point to “offer a whiff of stagflation,” said Tyler Richey, co-editor at Sevens Report Research. “Risk assets didn’t like that,” and oil prices moved down toward session lows shortly after the data’s release.

“The geopolitical fear bid has largely gone stale since the realized impact of the ongoing Israel-Hamas war has been nominal compared to the implied threat to global oil supply when the conflict began last fall,” he told MarketWatch.

Also, click here to view the full MarketWatch article published on May 10th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.


If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

A high-frequency proxy for consumer spending

A high-frequency proxy for consumer spending: Sevens Report Co-Editor, Tyler Richey, Quoted in MarketWatch


Recession-wary investors are watching gasoline demand for clues to consumer health

“Gasoline demand is being closely watched as a high-frequency proxy for consumer spending,” said Tyler Richey, co-editor at Sevens Report Research.

“Keeping an eye on the weekly gasoline supplied figure as a proxy for consumer demand for gasoline will be critical, especially relative to its four-week moving average to gauge the underlying trend in fuel demand, and compared with prior year’s levels for the corresponding reporting week,” Richey said.

Also, click here to view the full MarketWatch article published on May 9th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.


If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Optimism regarding a ceasefire between Israel and Hamas had been building

Optimism regarding a ceasefire between Israel and Hamas had been building: Sevens Report Co-Editor, Tyler Richey, Quoted in Morningstar


Oil pares gains as Hamas reportedly accepts cease-fire plan, Israel warns of Rafah invasion

“Optimism regarding a ceasefire between Israel and Hamas had been building over the last week or so, and that was reflected in last week’s steep drop in oil futures price,” Tyler Richey, co-editor at Sevens Report Research, told MarketWatch.

The reason the oil market didn’t see more of a selloff Monday in the wake of the news that Hamas has accepted the cease-fire proposal is that “it was largely already priced in,” said Richey.

Also, “despite the progress in negotiations, military action is continuing on with reports of 50 Israeli air strikes in Rafah today alone -and that is keeping speculative shorts on their toes as we start the new week,” he said.

Also, click here to view the full MarketWatch article published on Morningstar on May 6th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Oil Inventories

Lastly, If you want research that comes with no long-term commitment, yet provides independent, value-added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.


Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.

Gasoline supplied, dropped to the lowest level since mid-February

Gasoline supplied, dropped to the lowest level since mid-February: Sevens Report Co-Editor, Tyler Richey, Quoted in Morningstar


Oil prices end lower on weak U.S. gasoline demand

The most notable takeaway from the Energy Information Administration report Wednesday was the weekly implied measure of consumer demand for fuel at the pump, gasoline supplied, which dropped to the lowest level since mid-February, said Tyler Richey, co-editor at Sevens Report Research.

That indicated a “steady and relatively quick pullback” in domestic fuel consumption in recent weeks,” he told MarketWatch.

U.S. gasoline supplied for the week ended April 19 fell by 239,000 barrels a day to 8.4 million bpd.

And that was “not a ‘one-off’ either, as the 4-week moving average of the often volatile gasoline supplied data fell for a third consecutive week to the lowest reading since the week of March 8th,” said Richey. The EIA data showed the four-week average for gasoline supplied, as of last week, down 3.7 million bpd at 8.7 million bpd.

“Those disappointing implied consumer demand figures paired with the smaller than expected gasoline supply draw on the headline poured some cold water on the market…as worries of a persistently tight physical fuel market are beginning to subside,” said Richey.

Also, click here to view the full MarketWatch article published on Morningstar on April 24th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Oil Inventories

Lastly, If you want research that comes with no long-term commitment, yet provides independent, value-added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.


Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.

Gasoline And Distillate Fuel Supplied Fell Off A Cliff

Gasoline And Distillate Fuel Supplied Fell Off A Cliff: Tyler Richey Quoted in Morningstar


Oil futures settle lower after ‘massive’ weekly rise in U.S. oil-product inventories

Gasoline and distillate fuel supplied, which is typically viewed as an implied measure of consumer demand, “fell off a cliff.”Tyler Richey, Sevens Report Research

The roughly 20 million-barrel surge in refined product stockpiles was “largely the function of the massive drop off in deliveries around Christmas and New Year’s, which is notably typical in late December and early January,” he said.

Also, click here to view the full MarketWatch article published on Morningstar on January 4th, 2024. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Oil Inventories

Lastly, If you want research that comes with no long-term commitment, yet provides independent, value-added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.


Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.

The Longer-Term Outlook For Oil

The Longer-Term Outlook For Oil: Tyler Richey Quoted in Morningstar


Oil futures give up early gains to finish lower

The longer-term outlook for oil remains much less certain with a significant increase in U.S. oil production “dulling the effects of the OPEC+ output cuts led by Saudi Arabia and Russia,” said Tyler Richey, co-editor at Sevens Report Research.

“With longer-term demand expectations fading with the latest string of disappointing global economic reports we received this week, there is growing concern the physical markets will tip into a surplus in the months or quarter ahead.” 

Also, click here to view the full Morningstar article published on November 1st, 2023. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Oil Futures

Lastly, If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.


Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.

Oil Futures End Lower

Oil futures end lower: Sevens Report Co-Editor, Tyler Richey, Quoted in MorningStar


Oil futures end lower as demand worries outweigh forecasts for supply deficit

The latest U.S. inflation reading ran on the “hot side,” especially on the core figure, which will “bolster the case for a ‘higher for longer’ Fed policy rate outlook, said Tyler Richey, co-editor of Sevens Report Research. That raises the threat that the central bank “chokes off growth and sends the economy into recession,” which is never a good scenario for oil demand.

Also, click here to view the full MorningStar article published on September 13th, 2023. However, to see the Sevens Report’s full comments on the current market environment sign up here.

Oil Futures

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.


Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.

Sevens Report Co-Editor, Tyler Richey, Quoted in Market Watch on July 31st, 2023

Stocks could sink into a bear-market recession, says technician. Here are five signals on when it likely starts.

“We continue to respect the rally and acknowledge the trend in equities is still higher, but we remain ‘patient bears’ with regard to stocks given the deeply inverted yield curve,” Tyler Richey, co-editor at Sevens Report Research wrote in a Monday report.

“We view the fact that most Treasury spreads have inverted to levels not seen since the early 1980s as a clear warning sign that the more than 500 basis points of Fed rate hikes in less than 18 months was way too much for the economy to weather,” noted Richey. 

Click here to read the full article.

Explaining Current Market Risks to Clients (And Prospects)

What’s in Today’s Report:

  • How to Explain Risks in This Market to Clients/Prospects
  • Mannheim Used Vehicle Value Index Takeaways (Chart)

Futures are slightly higher while most international markets rallied overnight thanks to news of more Chinese government support for the property sector and steady EU inflation data.

German CPI met estimates of 0.3% m/m and 6.4% y/y in June, both unchanged from May, while the ZEW Survey was inline with expectations on the headline but Economic Sentiment deteriorated to -14.7 vs. (E) -10.2.

Domestically, the NFIB Small Business Optimism Index came in at 91.0 vs. (E) 89.8 in June which is helping bolster investor sentiment in the premarket.

There are no additional economic reports today and just one Fed speaker on the calendar: Bullard (9:00 a.m. ET) which will leave investors looking ahead to tomorrow’s critical CPI report.

Sevens Report Co-Editor, Tyler Richey, Quoted in Morningstar on June 29th, 2023

Oil futures finish higher, contributing to the month’s gain

Oil stabilized at support near the 2023 lows following Wednesday’s weekly Energy Information Administration report, which showed a “massive draw” in commercial crude-oil stockpiles, said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.