Tom Essaye Interviewed with Yahoo Finance on May 13, 2019
Tom Essaye interviewed with Yahoo Finance. A very timely chat on tariffs, fear within the market, what to expect with this market volatility and more…Watch the full interview here.
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Tom Essaye Quoted in CNBC on May 9, 2019
Tom Essaye Quoted in CNBC on May 9, 2019. “Small caps are most sensitive to overall economic growth. I think small caps are declining because…” Click here to read the full CNBC article.
Tom Essaye Interviewed with Yahoo Finance on May 6, 2019
Tom Essaye joined Yahoo Finance’s Zack Guzman and Heidi Chung to discuss how Trump’s tariff threat could influence global markets. Click here or the video below to watch the full interview.
Tyler Richey, co-editor of the Sevens Report Quoted in MarketWatch on May 6, 2019
Tyler Richey, co-editor of the Sevens Report said “As the developments have been digested today, the flurry of Trump tweets are being seen more as a negotiating tactic that has the potential to…” Click here to read the full MarketWatch article.
An Update from Dr. Copper
What’s in Today’s Report:
- An Update from Dr. Copper
Futures are little changed following more U.S./China trade optimism and mixed earnings.
President Trump said he expects to host Chinese Premier Xi at the White House “soon” and a trade deal could be signed in June.
Earnings after the bell were mixed at INTC badly missed, while F and AMZN both posted solid numbers.
There was no material economic data overnight.
Today should be a generally quiet day as the volume of earnings reports subsides (reports we’re watching include XOM ($0.75), AAL ($0.50) and CVX ($1.26)) and are just two economic reports: Preliminary Q1 ‘19 GDP (E: 2.2%) and Consumer Sentiment (E: 97.1). If GDP is a bad miss (which is unlikely) that might temporarily pressure stocks, but really markets are already looking ahead to next week, which is absolutely full of important macro events and continued earnings.
Tom Essaye Quoted in Fin24 on April 22, 2019
“It’s going to take something else to push the S&P 500 to new all-time highs. That was the main takeaway from last week…”
Tom Essaye Quoted in Bloomberg on April 21, 2019
What would it take the push the market to new all-time highs? Tom Essaye quoted on Bloomberg to share his view on the market, U.S. – China trade, Fed and more. Read the full article here.
Can The S&P 500 Breakthrough 2900?
What’s in Today’s Report:
- The Next Positive Catalyst For Stocks (Potentially)
- Weekly Market Preview
- Weekly Economic Cheat Sheet (Chinese Exports The Big Number This Week)
Futures are slightly weaker following a generally quiet weekend as markets digest last week’s rally.
Economic data was mixed and is putting mild pressure on stocks this morning as German exports missed expectations (-1.3% vs. (E) 0.1%), reminding markets the global economy isn’t healed yet.
U.S./China trade talks ended last week without an announcement of a deal but talks will continue this week via video-conference and a deal is still widely expected.
Today there are no economic reports and no Fed speakers, so focus will remain on any U.S./China headlines (again a deal could be announced any minute). But, barring any surprises today should be generally quiet as the big events of the week (FOMC Minutes, Chinese data, bank earnings) happen Wed-Friday.
Tom Essaye Interviewed on Yahoo Finance on April 4, 2019
Tom Essaye, Sevens Report Founder and President, says we shouldn’t expect a potential U.S.-China trade deal “to create a lasting rally” for the markets. Yahoo Finance’s Alexis Christoforous speaks to him, Brian Sozzi and Brian Cheung. Click here to watch the full interview.
Latest on U.S./China Trade (Is a Deal in Place?)
What’s in Today’s Report:
- Latest on U.S./China Trade (Is a Deal In Place?)
- Positive Signs from the Bond Market?
- Weekly Market Preview (Jobs & The ECB)
- Weekly Economic Cheat Sheet
Futures are modestly higher thanks to reports that the U.S. and China are extremely close to a new trade deal.
The WSJ reported the U.S. and China are aiming to sign a new trade deal on March 27th that will include the removal of all tariffs, although the article cautioned it’s not a done deal at this point.
Economically, data was weak again as British Construction PMI (50.6 vs. (E) 52.5) and EuroZone PPI (3.0% vs. (E) 3.2%) missed estimates.
There are no economic reports today so focus will remain on U.S./China trade and any official confirmation (from the U.S. or Chinese government) of the positive articles that hit overnight.