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Tom Essaye was Quoted in CNBC on August 5, 2019

Copper, a barometer for the global economy, drops to a 2-year low on trade war fears

“The combination of a disappointing Fed and an escalating trade war appears to be too much for this fragile global economy. The summer breakdown in copper…” said the Sevens Report’s Tom Essaye. Click here to read the full article.

Copper Pipes

Tom Essaye was Quoted in UPI on August 5, 2019

U.S. markets rebound after China moves to strengthen yuan

“Going forward, stabilization in the U.S.-China trade war is now the most important key to broader market stabilization,” analyst Tom Essaye said in a note to clients. Click here to read the full article.

 

Chinese soldiers march past the People's Bank of China

Tom Essaye was Quoted in CNBC on August 5, 2019

Dow jumps 300 points as Wall Street rebounds from the worst day of the year

“Going forward, stabilization in the U.S./China trade war is now the most important key to broader market stabilization…” said Tom Essaye, founder of The Sevens Report, in a note. Click here to read the full article.

A bank employee counts US currency and Chinese currency notes at a bank on August 6, 2019

Tom Essaye was Quoted in Unseen Opportunity on August 6, 2019

Is This the First Sign of a Chinese Meltdown?

“Going forward, stabilization in the U.S./China trade war is now the most important key to broader market stabilization…” wrote Tom Essaye, founder of The Sevens Report, in a note. Click here to read the full article.

Broken Tea Kettle

Tom Essaye Quoted in CNBC on July 16, 2019

Stocks fell from record highs on Tuesday after President Donald Trump cast doubt on the trade progress between China and the U.S. “Looking at this earnings season, the key question is: Will trade uncertainty cause businesses to pullback on spending and investment enough so that it begins to weigh on earnings?” said Tom Essaye, founder of the Sevens Report. Click here to read the full article.

Stock Trading Floor

Tom Essaye Quoted in CNBC on May 30, 2019

Tom Essaye quoted in CNBC on May 30, 2019. The “worst case scenario is foreign governments (China/Mexico) simply wait Trump out given we’re 19 months from an election…” click here to read the full article.

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The Bond Market Is Screaming For a Rate Cut

What’s in Today’s Report:

  • Why The Bond Market Is Screaming For a Rate Cut

Futures are bouncing modestly following some hopeful comments by President Trump on U.S.-China trade.

Late yesterday President Trump made comments expressing optimism about an eventual U.S.-China trade deal that includes a solution for Huawei.  No specifics or new details were provided, however.

Brexit entered a new phase as PM May announced she will resign on June 7th.  But, until a “No Deal” becomes more likely, the global markets will continue ignore Brexit.

Today focus will be on Durable Goods Orders (E: -2.0%) and support at 2800 in the S&P 500.  Yesterday that support level held and that’s a key number to watch going forward, as a violation of 2800 could open up an “air pocket” in stocks.

Regarding Durable Goods, it’d be nice if the data was solid, but it’s an April number so it won’t reflect activity following the flare up of U.S.-China trade tensions, and the headline is likely to be negatively skewed by cancellations for the 737, which started last month.

Tom Essaye Appeared on TD Ameritrade on May 23, 2019

Tom Essaye interviewed with Ben Lichtenstein with TD Ameritrade on what is driving the market right now and who is it affecting the most: Banks, crude, energy…& more importantly what will it take to turn the market around? Click here to watch the full video.

Tom Essaye Quoted in CNBC on May 13, 2019

Tom Essaye quoted in CNBC on May 13, 2019. “Volatility surged to multi-month highs last week as US-China trade war drama unexpectedly escalated…” Click here to read the full article.

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