“The passage of this package only solidifies that there are massive structural tailwinds on the economy and markets as we enter 2021, which is longer-term positive for cyclicals and…” explained Sevens Report founder Tom Essaye. Click here to read the full article.
Tom Essaye, founder of The Sevens Report, also sees plenty of upside despite unclear vote totals.
“News of a contested election could cause a sharp drop in stocks in the very short term, …” he said. Click here to read the full article.
“Let me be clear: The only reason we do not have a stimulus bill passed yet is because the economy and…” explained Tom Essaye, founder of The Sevens Report. Click here to read the full article.
“The market still wants, and very much expects, an actual stimulus bill to be signed. Looking forward, stimulus bill negotiations will continue, but [President Trump’s] executive orders (combined with recently solid data) likely reduce…” wrote Sevens Report editor Tom Essaye. Click here to read the full article.
According to Tom Essaye, founder of The Sevens Report, stocks could be missing a few “key ingredients” necessary for an even more extended rally. “A combination of 1) Stimulus, 2) Positive trends in the virus, 3) Economic reopenings and 4) Hopes for a vaccine drove stocks higher in Q2…” Essaye wrote. Click here to read the full article.
Tom Essaye, founder of The Sevens Report, clarified the specific impact that new lockdown measures could have on the market. “Coronavirus cases are spiking and reopenings are being delayed, which at a minimum will impact earnings…” Essaye said. Click here to read the full article.
But that hasn’t exactly been reflected in this morning’s trading activity. Some analysts, like The Sevens Report founder Tom Essaye, believe that the jobs gain was already priced-in by automated trading firms.
“I don’t think it was anything surprising because we had very good ADP number and good jobless…” Essaye said. Click here to read the full article.
“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.
