Tom Essaye

Stocks slumped this week after Federal Reserve Chair Jerome Powell warned Americans about the possibility of a “prolonged recession.” While that phrase may sound pretty scary to investors, Sevens Report’s Tom Essaye said Thursday stock prices may hold up much better in 2020 than...

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...

In an emergency measure, the U.S. Federal Reserve cut interest rates by 0.5% on Tuesday, citing concerns about the negative economic impact of the COVID-19 coronavirus outbreak. The Fed lowered its fed fund target rate range from between 1.5% and 1.75% to a new target range of between 1% and 1.25...

U.S. markets roared back Monday from last week’s sell-off. However, the S&P 500 is still down 11.1% overall since Feb. 19, and many experts believe the worst of the coronavirus outbreak that has spooked the market is yet to come. To Cut Or Not To Cut? Given last week’s stock market...

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...

The U.S. market bounced back on Wednesday despite fears over the Wuhan coronavirus. While investors are understandably concerned about a global pandemic, the Wuhan virus is so far simply one of several recent outbreaks of coronaviruses that haven’t had any lasting impact on the global economy...

The Federal Reserve is expected to maintain its target interest rate range at between 1.5% and 1.75% on Wednesday afternoon when it releases its post-meeting statement at 2 p.m. Investors will be watching for any surprise changes to rates and indications from the Fed about where rates could be...

Now that third-quarter earnings season has mostly been completed and investors are entering the relatively low-volume holiday season, it can be tempting for investors to put their portfolios on cruise control until the end of the year. However, the Sevens Report’s Tom Essaye said Tuesday...

The SPDR S&P 500 ETF Trust (NYSE: SPY) has rallied 1.4% since President Donald Trump announced the U.S. and China have agreed to Phase I of a trade deal that takes Oct. 15 tariff hikes off the table for now. While investors cheered the news that the trade war will not be escalating, some...

U.S. markets fell on Wednesday after the yield on the 10-year Treasury note fell below the yield on 2-year Treasury notes on Wednesday morning for the first time since 2007. According to the San Francisco Fed, each of the nine U.S. recessions that have occurred since 1955 came between six months...

Trade negotiations between the U.S. and China stalled last month, leaving investors with little insight on when to expect a potential trade resolution. DataTrek Research co-founder Nicholas Colas recently discussed the impact cultural differences between the U.S. and China may have on the...

The S&P 500 is down 2 percent so far this week, sending volatility ETFs like the CR SUISSE AG NA/VELOCITY SHS SHORT (NASDAQ: VIIX) soaring 20 percent. The huge spikes in volatility are bringing back memories of the wild trading in early 2018 that ultimately resulted in the collapse of a handful...

The Federal Reserve Open Market Committee will be publicly releasing the minutes from its latest meeting this week, and the financial media is eager to report the details. But just how important for traders are the minutes from a meeting that took place weeks ago? What Are FOMC...

Global markets sank Thursday after the European Central Bank cut its 2019 economic growth forecast and announced a new round of longer-term refinancing operations (TLTRO) stimulus for European banks. The ECB cut its 2019 Eurozone growth forecast from 1.7 percent to 1.1 percent. It also announced a...