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.
