Latest news with #Essaye
CNBC
15-05-2025
- Business
- CNBC
S&P 500 is up 18% in 25 trading days — what typically happens next
Stocks could be primed for large gains. The S & P 500 has soared more than 18% since hitting a closing low on April 8. That marks only the fifth time since 1970 that the broad market index has surged that much over just 25 trading days. The latest move higher comes as global trade tensions ease, with the U.S. temporarily pausing or cutting steep tariffs on imported goods. This week, China and the U.S. agreed to lower levies for 90 days as both countries work to hammer out a broader trade agreement. If history is any guide, stocks should now see sizable gains over the coming year. The S & P 500 on average has risen about 30% in the 250 trading days that followed such a strong 25-trading-day run. That includes two instances when the benchmark popped more than 40%. Week to date, the S & P 500 and Nasdaq Composite are up 4% and 6.8%, respectively. The Dow Jones Industrial Average has also advanced nearly 2%. This week's rally puts the S & P 500 just 4.2% below its February all-time high. "What a switch, even for this market," wrote Tom Essaye of The Sevens Report. "A month ago (and even much later than that) the outlook for the economy was stagflation and the outlook for stocks was bordering on a 'lost decade' similar to what was witnessed in the 1970s and 2001-2009. But, oh how things have changed." But Essaye urged clients to stay cautious. "There is a lot of uncertainty to dismiss."
Yahoo
07-05-2025
- Business
- Yahoo
Why the stock rally may be in trouble after the White House ‘backtracked' on tariffs
President Trump announced so-called reciprocal tariffs on April 2. - Agence France-Presse/Getty Images The U.S. stock market has already priced in backtracking on the large and sweeping 'liberation day' tariffs announced by President Donald Trump on April 2, making it difficult for the market to keep up its recent rally, according to Sevens Report Research. 'The Trump administration has seriously backtracked on the April 2 announcement, including a delay while negotiations take place and exempting major categories of imports,' said Tom Essaye, founder and president of Sevens Report Research, in a note Monday. As an example of tariff exemptions, Essaye pointed to computer chips, electronics, pharmaceuticals and automobiles. Most Read from MarketWatch The S&P 500 SPX closed Monday down 0.6% at 5,650.38, FactSet data show. That's after ending Friday with a ninth straight day of gains, which marked its longest winning streak since November 2004, according to Dow Jones Market Data. 'The reality of the past month post-'liberation day' hasn't been as bad as feared and the market has recouped those losses,' said Essaye. 'However, I do not think these events are enough to sustainably propel the S&P 500 forward and I am sticking to my general 5,100-5,500-ish range.' Investors, worried that large tariffs will place a drag on the U.S. economy while increasing the cost of goods for consumers, have been monitoring the White House's negotiations with its trading partners. But with backtracking on tariffs already priced into the market, Essaye cautioned that 'we could even see a 'sell-the-news' move once some trade deals are announced.' The White House has paused the so-called reciprocal tariffs announced on April 2, as it works on negotiating trade deals with countries. As investors wait for deals, the stock market has recently responded positively to reports that trade tensions with China, the world's second-largest economy, may be softening. Still, 'tariffs will be substantially higher than they were on Jan. 2 and that is a headwind on growth,' said Essaye. 'And at this point, the market is susceptible to disappointing tariff news.' The S&P 500 had closed Friday up 0.3% since April 2, erasing post-'liberation day' losses, according to Dow Jones Market Data. But the index, which is a measure of U.S. large-cap stocks with an outsize weighting toward Big Tech, remained in the red for the year.
Gulf News
12-02-2025
- Business
- Gulf News
‘Live Commerce': A profitable way to earn extra income online?
Dubai: Are you looking for ways to make extra money from home? One growing trend to explore is live commerce, where live video streaming merges with online shopping. But how profitable is it? UAE experts weigh in on the risks, rewards, and opportunities in this booming sector. The global live commerce platforms market size was estimated at $918.9 million in 2023 and is expected to reach $1.10 billion in 2024. The market, which began in China, is now a $512 billion (Dh1.9 trillion) industry. Live commerce is a shopping experience where viewers watch live streams of influencers or matter experts showcasing and discussing products. Live shopping combines aspects of traditional teleshopping with real-time video. In these live events, influencers or experts promote products, answer questions, and engage with viewers. Unlike teleshopping, viewers can purchase products directly during the live event via a smartphone, with no need to pick up the phone to order. Live events typically last 45-60 minutes and take place through online store portals or social media platforms. An influencer or expert introduces products, and viewers can add items to their shopping cart and buy them during the event. This format offers immediate purchasing, as well as two-way interaction via live chat, enhancing the overall shopping experience. Live shopping works best for fashion, beauty, and food products. However, its profitability depends on factors like audience engagement and timing. Dr. Khalid Essaye, a retail expert in Abu Dhabi, notes that monetizing live streams requires significant time and effort to maintain audience interest. 'While you can make money through affiliate programs or paid access to streams, the real money comes from direct sales during live events,' Essaye says. Improves upon Affiliate Marketing? Live commerce improves affiliate marketing by eliminating the need for consumers to leave the stream. Viewers can purchase displayed products immediately, making the process faster and more efficient. 'Purchase rates during live streams can be up to ten times higher than in traditional e-commerce,' Essaye adds. However, hosting live shopping events on social media comes with risks. Essaye points out that sellers have limited access to customer data when using social platforms, which can make it difficult to track event success and optimize sales strategies. Direct sales through personal websites provide better data insights, which are useful for refining marketing efforts. How Profitable is Live Shopping? Starting a live commerce venture can be affordable, with inventory costs ranging from Dh400 to Dh800 for newcomers. 'If you make $10,000 (Dh36,732) in your first year, you're doing well,' says Essaye. However, he cautions that starting small and avoiding high overhead costs is key. Many successful live sellers started by reselling products from flea markets or second-hand stores. Essaye's Tips for Getting Started Evaluate shipping services: Offer low-cost or free shipping to attract customers. Check your tech: Invest in better video and lighting for quality streams. Try flea market sales: Gain exposure and feedback in person. Explore online vendor shows: Participate in virtual events to expand your reach. Live commerce presents an exciting and profitable opportunity, but success requires time, strategy, and audience engagement. With the right approach, you can tap into this growing trend and turn it into a successful online business. Sign up for the Daily Briefing Get the latest news and updates straight to your inbox
