The latest string of strong economic data, including the good March U.S. jobs report last Friday and ‘hot’ ISM purchasing managers surveys, have “suggested the economic recovery is accelerating,” said Tyler Richey, co-editor at Sevens Report Research. Subsequently, 5-year…Click here to read the full article.
“As long as demand continues to climb…the weather-related issues in the U.S. energy industry are resolved, and there are no policy surprises from OPEC+ participants, then the backdrop…” said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.
The slight uptick in the U.S. dollar acted as a “modest headwind” on precious metals in Tuesday’s session, but there was a more notable correlation between gold…said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.
The slight uptick in the U.S. dollar acted as a “modest headwind on precious metals…” but there was a more notable correlation between gold and Treasury note yields, said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.
“So far in 2021, oil traders have gained increased clarity regarding global production and supply dynamics which has acted as a tailwind…” Tyler Richey, co-editor at Sevens Report Research, told MarketWatch. Click here to read the full article.
Tyler Richey of Sevens Report Research tells Barron’s that an ongoing short squeeze may also weigh on the broader market. In order to fund the ability to buy back stocks that were previously shorted, long-short hedge funds must sell existing holdings…Click here to read the full article.
“The uptrend has clearly lost momentum since the early stages of the Q2 rebound.” However, “the path of least resistance is still higher right…” said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.
“Historically, good economic data is negative for gold but in this case, real interest rates declined in the wake of the release, as rising…” Tyler Richey, co-editor at Sevens Report Research, told MarketWatch. Click here to read the full article.
“Oil has shown resilience this week” with WTI prices just shy of multi-month highs thanks, in part, to “optimism that a COVID-19 vaccine will eventually help the global economy normalize…” said Tyler Richey, co-editor at Sevens Report Research. Click here to read the full article.
Tyler Richey, co-editor of Sevens Report Research, said oil prices did get a boost after Gilead Sciences Inc. GILD, 1.97% said clinical trial data show its antiviral drug remdesivir reduced the risk of death for coronavirus patients by 62%. The news also provided support to the U.S. stock market. “Oil futures have been trading with a high degree of correlation…” said Richey. Click here to read the full article.
