The Closer — Geopolitical Rundown — 11/20/17

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we go through a long list of geopolitical hot spots currently simmering around the globe.

The Closer is one of our most popular reports, and you can sign up for a free trial below to see it!

See today’s post-market Closer and everything else Bespoke publishes by starting a 14-day free trial to Bespoke Institutional today!

Bespoke Morning Lineup – Pre-Market News and Analysis

Bespoke’s Morning Lineup is the top pre-market report on Wall Street.  We cover everything you need to know to get your trading day started, including international market moves and events, post-market and pre-market earnings news, upgrades and downgrades, dividends and splits, economic indicators and estimates, big stock movers, market internals and much more.  It’s all presented in the original and concise format that Bespoke is known for so you can digest lots of information quickly and efficiently.

Start a two-week free trial to Bespoke Premium to see today’s full Morning Lineup report.  You’ll receive it in your inbox each morning an hour before the open to get your trading day started.

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Bespoke Brunch Reads: 11/19/17

Welcome to Bespoke Brunch Reads — a linkfest of the favorite things we read over the past week. The links are mostly market related, but there are some other interesting subjects covered as well. We hope you enjoy the food for thought as a supplement to the research we provide you during the week.

See this week’s just-published Bespoke Report newsletter by starting a no-obligation two-week free trial to our premium research platform.

Diversity

Ray Dalio Has an Unbelievable Algorithm by Cathy O’Neil (Bloomberg)

Are algos any good if all they do is reflect the biases, fallibility, incomplete information, and general human weakness of their designers? [Link]

Parable of the Polygon by Vi Hart and Nicky Case (NCase)

A simple, intuitive explanation of math showing that small biases against or towards one’s own group or others can create extreme segregation. [Link]

Fraud

The Dead Man Fund by Jack El-Hai (Longreads)

A history of the worst investment funds available, and why most of their investors were dead long before the fund was shut down by the SEC. [Link]

Policy

Fed Insiders Seek Radical Policy Review as Powell Era Dawns by Jeanna Smialek and Matthew Boesler (Bloomberg)

As the Federal Reserve’s Board of Governors undergoes a shake-up, other policymakers on the FOMC are advocating a shift in policy goals. [Link; auto-playing video]

AT&T Ready to Probe the White House’s Role in Time Warner Deal by David McLaughlin, Scott Moritz, and Sara Forden (Bloomberg)

Amidst claims that the White House instructed the Justice Department to demand Time Warner sell CNN to clear its proposed merger with AT&T, the bidder isn’t willing to let potential interference slide. [Link; auto-playing video]

Great Things In Unexpected Places

Why classical purists should start taking video game music seriously by Caroline Crampton (New Statesman)

Did you know Hans Zimmer (writer of the epic soundtrack in Gladiator) is the composer for Modern Warfare? Long a hotbed of audio-visual innovation (Gregorian chants of Halo, anyone?), video games are providing a market for modern classical that hasn’t found footing elsewhere. [Link]

Harvard university debate team loses to New York prison inmate by Barney Henderson (The Telegraph)

In a remarkable upset (based on preconceptions alone, of course) three inmates from maximum security Eastern New York Correctional Facility beat three Harvard undergrads in a competitive debate. [Link]

Dystopia

How Facebook Figures Out Everyone You’ve Ever Met by Kashmir Hill (Gizmodo)

People You May Know (PYMK) is an algorithm Facebook deploys to draw data from sources outside the social network itself in order to drive engagement. It also creates massive privacy concerns. [Link]

Crypto

Meet ‘Bitcoin Clashic,’ a Weird and Totally Unexpected Cryptocurrency Rebellion by Jordan Pearson (Vice)

Obscure to be sure but a fascinating look at how unstable and generally head-scratching the world of cryptocurrencies can be. [Link]

The Rich

Look Inside the DeVos Family Office by Anupreeta Das and Jean Eaglesham (WSJ)

A deep dive into the structure and activities of the family office which manages the fortune of Secretary of Education Betsy DeVos and her husband. [Link; paywall]

According to one estimate, wealthy couples in NYC need $190 million to keep their heads above water by Tanza Loudenback (Business Insider)

It turns out living parkside on Fifth, spending lots on art and private jets, having an active philanthropy life, and paying a live-in staff gets expensive…who would have imagined? [Link]

Social Media

The 100 Best Finance Twitter Accounts You Should Be Following by Alap Shah (Forbes)

A Sentieo algorithm has determined the top 100 finance accounts on Twitter. [Link]

Football

The Science of the Post: Going Deep with “Mills” by Chris Brown (Smart Football)

A combination oral history and deep dive into the strategy of post routes, and specifically post routes with an underneath dig route, one of the most-used schemes in modern offensive playcalling. [Link]

Musk

Elon Musk: The Architect of Tomorrow by Neil Strauss (Rolling Stone)

A glowing laundry list of projects and ambitions including cars, mass transportation, and space. [Link]

Aerospace

Airbus clinches $49.5bn single aisle aircraft deal by Peggy Hollinger (FT)

The biggest deal in the history of the European plane manufacturer was signed this week in Dubai, with 430 single aisle aircraft set to be sold to 4 global budget airlines. [Link; paywall]

Branding

Can You Draw the Starbucks Logo Without Cheating? Probably Not. by Zach Schonbrun (NYT)

Being able to reproduce iconic logos is a lot less important than recognizing them. [Link; soft paywall]

Have a great Sunday!

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The Closer: End of Week Charts — 11/17/17

Looking for deeper insight on global markets and economics?  In tonight’s Closer sent to Bespoke clients, we recap weekly price action in major asset classes, update economic surprise index data for major economies, chart the weekly Commitment of Traders report from the CFTC, and provide our normal nightly update on ETF performance, volume and price movers, and the Bespoke Market Timing Model. This week, we’ve added a section that helps break down momentum in developed market foreign exchange crosses.

Sample

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See tonight’s Closer by starting a two-week free trial to Bespoke Institutional now!

S&P 500 Quick-View Chart Book — 11/17/17

Each weekend as part of our Bespoke Premium and Institutional research service, clients receive our S&P 500 Quick-View Chart Book, which includes one-year price charts of every stock in the S&P 500.  You can literally scan through this report in a matter of minutes or hours, but either way, you will come out ahead knowing which stocks, or groups of stocks, are leading and lagging the market.  The report is a great resource for both traders and investors alike.  Below we show the front page of this week’s report which contains price charts of the major averages and ten major sectors.

As seen in the charts below, the only major average that didn’t hit an all-time high this week was the Russell 2000, but it remains right near its highs with only a small pullback.  In terms of individual sectors, we saw new highs from Consumer Discretionary, Financials, and Technology, while Telecom Services (a sector with just three stocks) made a new low.

Make sure to check out our entire S&P 500 Chart Book by signing up for a 14-day free trial to our Bespoke Premium research service.

The Closer — Industrial Output, Output Gap, Capex, And Trade Prices — 11/16/17

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we review today’s data releases in the US: industrial production, Philly Fed manufacturing (with a focus on capex plans) and trade prices.

The Closer is one of our most popular reports, and you can sign up for a free trial below to see it!

See today’s post-market Closer and everything else Bespoke publishes by starting a 14-day free trial to Bespoke Institutional today!

Bespoke’s Sector Snapshot — 11/16/17

We’ve just released our weekly Sector Snapshot report (see a sample here) for Bespoke Premium and Bespoke Institutional members.  Please log-in here to view the report if you’re already a member.  If you’re not yet a subscriber and would like to see the report, please start a two-week free trial to Bespoke Premium now.

Below is one of the many charts included in this week’s Sector Snapshot, which simply highlights the year-to-date change for the major S&P 500 sectors.  Note that Tech is now up more than twice as much as the 2nd best sector (Health Care) in 2017.  And Tech is outperforming the worst sector (Telecom) by 56 percentage points.  Talk about a spread.

To see our full Sector Snapshot with additional commentary plus six pages of charts that include analysis of valuations, breadth, technicals, and relative strength, start a two-week free trial to our Bespoke Premium package now.  Here’s a breakdown of the products you’ll receive.

the Bespoke 50 — 11/16/17

Every Thursday, Bespoke publishes its “Bespoke 50” list of top growth stocks in the Russell 3,000.  Our “Bespoke 50” portfolio is made up of the 50 stocks that fit a proprietary growth screen that we created a number of years ago.  Since inception in early 2012, the “Bespoke 50” has beaten the S&P 500 by 61.5 percentage points.  Through today, the “Bespoke 50” is up 146.8% since inception versus the S&P 500’s gain of 85.3%.  Always remember, though, that past performance is no guarantee of future returns.

To view our “Bespoke 50” list of top growth stocks, click the button below and start a trial to either Bespoke Premium or Bespoke Institutional.

Bullish Sentiment Crashes

It looks like all of the negative talk from some high profile investors in recent days has made its way into the heads of individual investors, causing them to turn increasingly bearish on equities.  According to this week’s sentiment survey from AAII, bullish sentiment crashed from 45.1% down to 29.35%.  That’s the largest one-week decline since April 2013!  With bullish sentiment now sporting a 20-handle, it’s also safe to say that the streak of sub 50% readings that has been in place for 150 straight weeks now won’t be broken anytime soon.

Bearish sentiment, meanwhile, didn’t see quite as big a move as bullish sentiment, but it did spike by 12 percentage points, and that’s the largest one-week increase since February 2016.

The Closer — Online Falters, Prices Punchy — 11/15/17

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Looking for deeper insight on markets?  In tonight’s Closer sent to Bespoke Institutional clients, we review today’s retail sales report, CPI data, EIA weekly storage numbers, and long-term real commodity prices.

The Closer is one of our most popular reports, and you can sign up for a free trial below to see it!

See today’s post-market Closer and everything else Bespoke publishes by starting a 14-day free trial to Bespoke Institutional today!

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