Sevens Report by Tom Essaye

08/10/2026

The S&P 500 just hit new all-time highs.

That’s obviously a positive.

But after a 5%+ rally in roughly 10 trading days, I think it’s worth taking a step back and asking:

What actually changed?

The market has moved sharply higher, but that doesn’t necessarily mean the concerns that caused the recent pullback have disappeared.

That distinction is important—especially when some parts of the market have moved much faster than others.

And this week gives us another important test, with the latest inflation data, Retail Sales, and several other economic reports on the calendar.

New highs are worth celebrating. But they’re also worth putting in the right context.

We break down what’s driving this rally, what we’re watching next, and the key economic reports ahead in today’s Sevens Report.

If you’d like to see the full analysis, you can read today’s report here: https://mailchi.mp/039d60708842/nh76veq9iw

08/07/2026

One question I think investors should be asking right now is:

Are you being paid enough to take equity risk?

With Treasury yields still elevated, that question matters more today than it has in years.

One of the more interesting takeaways from my research this week is that not all parts of the market are offering the same risk-reward profile. In fact, some of the areas that have led the market higher may now be offering the least compensation for the risks investors are taking.

Meanwhile, there are other corners of the market where the math tells a very different story.

It's a useful reminder that market leadership and attractive risk-reward aren't always the same thing.

I dive into the numbers and what they could mean for investors in today's Sevens Report. If you interested in seeing the issue, click here: https://mailchi.mp/039d60708842/nh76veq9iw

08/06/2026

Markets have a way of changing the conversation quickly.

A few weeks ago, investors were focused on one set of concerns. Today, the market narrative has shifted significantly.

I recently joined Financial Sense to discuss the forces behind these moves, the trends I’m watching, and the questions investors should be asking as we look ahead.

Thanks to Financial Sense for the opportunity to share my thoughts.

You can listen to the full conversation here:
https://www.financialsense.com/podcast/21745/market-whiplash-ai-weaponization-and-iran-tom-essaye-breaks-it-down

08/05/2026

The speed of this tech rally has been impressive.

In just a few trading sessions, strong earnings, improving sentiment, and a better understanding of the recent selling have pushed many AI-related stocks sharply higher.

That's encouraging. But one thing I'm reminding myself—and investors—is that a strong rally doesn't necessarily mean every concern has disappeared.

Markets often move much faster than the fundamentals. The real question isn't whether tech deserved to bounce.

It's whether the issues that created the pullback have actually been resolved. That's the distinction I'll be watching in the weeks ahead.

I break down what I'm watching—and why—in today's Sevens Report. If you'd like to read today's issue, you can access it here: https://mailchi.mp/039d60708842/nh76veq9iw

08/03/2026

What mattered more last week: the biggest headline or the biggest market driver?

Markets often react to multiple events at once, but not every development carries the same weight—or the same timeline.

Some events can quickly improve or weaken investor sentiment.

Others have the potential to influence economic growth, corporate earnings, and market leadership over time.

The challenge isn't keeping up with every headline.

It's understanding which ones deserve the most attention.

Today's Sevens Report examines two of last week's biggest market developments and why one may matter more today while the other could shape the months ahead.

If you're interested, I break down why in today's Sevens Report. You can read today's issue here: https://mailchi.mp/039d60708842/nh76veq9iw

07/24/2026

Technology stocks have faced renewed pressure as investors weigh AI spending, inflation, and earnings expectations.

Barron's recently incorporated commentary from the Sevens Report into its analysis of what's driving the recent pullback in tech.

Read the full article:
https://www.barrons.com/articles/tech-stocks-ai-spending-inflation-08eac262

Barron's

The sector has been dropping for weeks under the weight of a host of problems. Here they are.

07/22/2026

Markets are balancing two competing forces right now: geopolitical risk and continued interest in AI.

That was the focus of a recent Asia Business Daily article, which incorporated analysis from the Sevens Report while covering the impact of Middle East tensions, oil prices, and bargain buying in semiconductor stocks.

If you're following these market themes, it's worth a read. Here is the full article:
https://www.asiae.co.kr/en/article/2026072107212356834

07/22/2026

One of the biggest questions facing investors right now is whether the recent rebound in semiconductor stocks marks the beginning of a broader recovery in the AI trade—or just a pause in the recent volatility.

Briefs recently incorporated analysis from the Sevens Report in this article covering this discussion.

You can read it here:
https://www.briefs.co/news/semiconductor-rally-fuels-stock-market-rebound-following-wee/

S&P 500 gained 0.4% as chipmakers surged 2.3%, led by Lumentum's 8% jump. Over 80 companies, including Alphabet and Tesla, report earnings this week.

07/21/2026

The AI trade continues to be one of the biggest forces influencing markets — but recent volatility has raised new questions for investors.

Our latest market analysis was referenced in Advisor Perspectives’ coverage of the U.S. stock market rebound, including the recovery in Nvidia and other chipmakers and what investors should watch as earnings season progresses.

Read the full article:
https://www.advisorperspectives.com/articles/2026/07/20/us-stocks-rebound-selloff-nvidia-chipmakers-rise

US stocks advanced on Monday, paring last week’s slump, as chipmakers rebounded amid a deluge of earnings reports that will test whether Big Tech’s profits can match high expectations.

07/21/2026

Every morning brings a flood of market headlines.

The challenge is figuring out which ones actually matter — and which ones are just noise.

That’s why we created the Sevens Report: a quick morning briefing that breaks down the key market drivers, economic data, and events investors need to know before the opening bell.

Seven minutes. A clearer view of the trading day ahead.

📩 See what’s driving markets each morning. Try the Sevens Report free for 2 weeks: https://ow.ly/UCw150XU42C

Here's a look at today’s key market themes from this morning's report:

💻 Tech Decline: Part One — Five Reasons Tech Has Pulled Back
After leading markets higher, technology stocks have faced renewed pressure. We broke down the key factors behind the recent decline and what investors should watch next.

📈 Global Markets Rebound as Geopolitical Fears Ease
Futures moved higher as global technology shares bounced back, with investor attention shifting toward upcoming earnings from major tech and semiconductor companies.

🌎 Global Growth Signals Improve
The U.K. unemployment rate held steady, while Germany’s ZEW Economic Sentiment survey jumped more than expected — helping support a more positive outlook for global growth.

🏦 Quiet Economic Calendar Shifts Focus to Earnings
With no major economic reports or Fed speakers scheduled, markets are turning their attention toward...

📊 Key Earnings to Watch Today...click here for the full report: https://ow.ly/UCw150XU42C