Bespoke’s Crypto Report — 12/9/22
Bespoke’s Crypto Report contains numerous technical, momentum, and sentiment charts for bitcoin, ethereum, and other key cryptos. Page 1 of the report includes our weekly commentary on the space and attempts to identify any new trends that are emerging. The remaining pages include important overbought/oversold levels to watch, charts on historical drawdowns and rallies, seasonality trends, futures positioning data, Google search trend shifts, and more. Our weekly Crypto Report is produced so that followers of the space can more easily stay on top of price action, technicals, seasonality, and sentiment.
Sign up for a monthly or annual subscription to Bespoke Crypto to receive our weekly Crypto Report and anything else we publish related to cryptos. Note: If you’re currently a Bespoke Premium, Bespoke Newsletter, or Bespoke Institutional subscriber, you’ll need to subscribe to Bespoke Crypto as an add-on to receive access. The weekly Crypto Report and any additional crypto analysis is not included with our Premium, Newsletter, or Institutional memberships. You can sign up for Bespoke Crypto and receive our Crypto Report in your inbox weekly using the monthly or annual checkout links below. If you sign up for the annual plan, the first year of access is 50% off!
Bespoke Crypto Access — Monthly Payment Plan ($49/mth)
Bespoke Crypto Access — Annual Payment Plan ($247.50 for the first 12 months, then $495/year in year 2 and beyond)
Bespoke Investment Group, LLC believes all information contained in this service to be accurate, but we do not guarantee its accuracy. None of the information in this service or any opinions expressed constitutes a solicitation of the purchase or sale of any securities, commodities, or cryptocurrencies. This service contains no buy or sell recommendations. This is not personalized advice. Investors should do their own research and/or work with an investment professional when making portfolio decisions. As always, past performance of any investment is not a guarantee of future results. Bespoke representatives or clients may have positions in securities discussed or mentioned in its published content.
November 2022 Headlines
This content is for members onlyBespoke’s Morning Lineup – 12/9/22 – PPI on Deck
See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week trial to Bespoke Premium. CLICK HERE to learn more and start your trial.
“I’m lazy. But it’s the lazy people who invented the wheel and the bicycle because they didn’t like walking or carrying things. ” – Lech Walesa
Below is a snippet of content from today’s Morning Lineup for Bespoke Premium members. Start a two-week trial to Bespoke Premium now to access the full report.
With an important PPI report about to be released plus Michigan Confidence at 10 AM, futures have still managed to post gains heading into the opening bell. Weaker inflation data out of China could be setting the tone for the positive start as CPI rose just 1.6% y/y which was down from 2.1% in October. All of this will become irrelevant, once the US data is released, though. Stay tuned.
Russia’s invasion of Ukraine caused massive disruption in the global economy, but nowhere was it more pronounced than in Europe. Commodity prices soared resulting in massive inflationary pressures in both food and energy. The negative impacts were also felt in the performance of European stocks. From the time of Russia’s invasion in February through late September, the SPDR Euro Stoxx 50 ETF (FEZ) was down over 25% and nearly double the decline in SPY over that same span. Making matters worse, summer was barely over. Heading into the winter heating season things were only going to get worse.
Well, that’s not exactly what happened. Over the last several weeks, stocks in both the US and Europe have rallied, but with the dollar also declining, European stocks have seen much stronger returns on a dollar-adjusted basis. In fact, through Thursday’s close, FEZ is now outperforming SPY since Russia invaded Ukraine in February. Ten months after Russia’s invasion of Ukraine, crude oil is down, and European stocks are outperforming the US. Now, all we need is natural gas to continue falling.
Our Morning Lineup keeps readers on top of earnings data, economic news, global headlines, and market internals. We’re biased (of course!), but we think it’s the best and most helpful pre-market report in existence!
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The Closer – Long Bond Leads, Education Levels, Expressing Dollar Views – 12/8/22
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we begin tonight with a look at relative performance of long bonds and precious metals (page 1) followed by a review of state level education statistics (page 2). We then provide some commentary about the dollar in relation to stocks (page 3). We finish with a look a decile performance in today’s session (page 4).
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