Sevens Report Research

The SPDR S&P 500 ETF Trust (NYSE: SPY) is up more than 6% year-to-date in 2023, but Tom Essaye, founder of Sevens Report Research, said Friday there are at least three warning signs that the rally could be yet another bull trap for investors. What Is A Bull Trap? A bull trap is a stock...

Bond market volatility continued on Wednesday morning after the Bank of England stepped in to take action to stabilize spiking U.K. gilt yields. What Happened? U.K. government bonds were on track for their largest monthly rise since 1957, but the Bank of England announced it will suspend its...

Traders and investors are considering whether or not to buy the stock market dip heading into third-quarter earnings season. Tom Essaye, founder of Sevens Report Research, has highlighted four catalysts that will determine if the market finishes 2021 at new all-time highs or continues its retreat....

The SPDR S&P 500 ETF Trust (NYSE: SPY) has rallied 2.4% in the last two days after the Federal reserve said on Wednesday that it could begin tapering its $128 billion in monthly asset purchases “soon.” The Fed’s commentary suggests the U.S. economy is now on strong enough...

The S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.43% on Thursday, its fourth consecutive day of losses, prompting traders to look to the charts for key potential support levels for the market. Tom Essaye, founder of Sevens Report Research, highlighted several key levels he’s...

After six consecutive months of gains, the SPDR S&P 500 ETF Trust (NYSE: SPY) is on quite a roll heading into the end of the year. But just because the U.S. economic outlook is improving, it doesn’t mean there aren’t real risks lurking that could derail the rally in the next several...

The SPDR S&P 500 ETF Trust (NYSE: SPY) and the Global X US Infrastructure Development ETF (BATS: PAVE) both initially traded higher last week after President Joe Biden said “we have a deal” on a bipartisan infrastructure bill worth nearly $1 trillion. Investors initially assumed...

For more than a year now, the SPDR S&P 500 ETF Trust (NYSE: SPY) has been ripping higher off of its pandemic lows. Tom Essaye, founder of Sevens Report Research, said Friday the stock market rally has been supported by four major pillars over the past year. Unfortunately, two of those...

Lloyd Blankfein, who was the CEO of Goldman Sachs (NYSE: GS) from 2006 to 2018, told CNBC the market is approaching bubble territory. In March, Blankfein predicted a quick recovery for the markets. He tweeted that the underlying economy was strong, banks were well capped, and the...

U.S. coronavirus cases are climbing in New York and parts of the Midwest, there is no sign a comprehensive stimulus package is coming anytime soon and U.S. economic data has started to plateau after a strong initial rebound. Despite these negative headlines, the SPDR S&P 500 ETF Trust (NYSE:...

Despite a global pandemic and the most severe global economic recession since World War II, the Nasdaq and many popular tech stocks are trading at all-time highs. It’s understandable for investors to be skeptical of tech stock valuations given how severely many were burned during the dot-com...

The U.S. is now recording record daily COVID-19 infections, and eight different states just announced new one-day highs in cases. However, the SPDR S&P 500 ETF Trust (NYSE: SPY) just finished its best quarter in decades, and Tom Essaye, founder of Sevens Report Research, said there are two...

The SPDR S&P 500 ETF Trust (NYSE: SPY) is up 31.8% since March 23, but many investors are skeptical of the rally given the ongoing global COVID-19 pandemic. Investors looking to confirm the recent rally has legs should look to the yield curve, according to Sevens Report Research’s Tom...

On Sunday, the Federal Reserve issued its second emergency interest rate cut of March, slashing its fed funds target range by 1% to between 0% and 0.25%. In addition to the rate cut, the Fed announced a new $700 billion quantitative easing program. On Monday morning, the Federal Reserve said it...

After a huge year in 2019, the SPDR S&P 500 ETF Trust (NYSE: SPY) is already up another 4.8% so far in 2020 in less than two months. Years of record highs have pushed the market’s valuation in line with previous market tops. Tom Essaye, founder of Sevens Report Research, said Wednesday...